TORONTO, Aug. 26, 2016 /CNW/ - The Ontario Securities Commission (OSC) announced today that David C. Campbell and Carlos A. Da Silva were each sentenced to three months in jail, followed by 18 months of probation by Justice Duncan at the Ontario Court of Justice in Brampton, Ontario, following convictions under the Securities Act (Ontario).
The terms of probation also require Campbell and Da Silva to each perform 125 hours of community service.
Campbell and Da Silva were convicted of breaching a permanent cease trade order issued by the OSC on December 10, 2008, contrary to s. 122(1)(c) of the Securities Act. The conviction is in relation to their trading in shares of Equity Capital Management. Campbell and Da Silva were also convicted of unregistered trading, contrary to s. 25(1) of the Securities Act, in relation to their trading in these shares.
Additionally, Campbell was convicted of breaching a permanent cease trade order, contrary to s. 122(1)(c) of the Securities Act, by trading in securities of Ameron Oil and Gas Ltd.
The OSC's Joint Serious Offences Team (JSOT) assumed carriage of this matter following its establishment in 2013.
For a copy of the sentencing decision for this matter, contact Ontario Court of Justice - Brampton, Ontario referencing the Court file number 349/10-82.
JSOT was established by the OSC as an enforcement partnership between the OSC, the Royal Canadian Mounted Police Financial Crime program and the Ontario Provincial Police Anti-Rackets Branch. The primary objective of JSOT is to protect investors and further enhance confidence in the Canadian capital markets through effective enforcement. This is accomplished through collaborative investigations of serious violations of the law using the provisions of the Securities Act or the Criminal Code.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.gov.on.ca
SOURCE Ontario Securities Commission
For further information: For Media Inquiries: email@example.com; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free); Follow us on Twitter, Follow us on LinkedIn