TORONTO, Feb. 17, 2016 /CNW/ - The Ontario Securities Commission (OSC) announced today that Wesley Weber of Toronto, Ontario has been charged with alleged breaches of the Criminal Code of Canada (Criminal Code) following an investigation by the OSC's Joint Serious Offences Team (JSOT).
On February 3, 2015 Weber was sentenced to a 15-month Conditional Sentence Order (CSO) in Windsor, Ontario by Justice Dean of the Ontario Court of Justice for breaches of the Controlled Drug & Substances Act and the Criminal Code.
It is alleged that later in 2015, Weber breached the conditions of the CSO by failing to keep the peace and be of good behaviour as well as by failing to notify his CSO supervisor in advance of any change of name or address and any change in employment or occupation.
Weber is set to appear in court on this matter at 2:30 pm on February 19, 2016 in the Ontario Court of Justice, 200 Chatham East, Windsor, Ontario.
In November 2015, Weber was charged by JSOT with alleged breaches of the Securities Act (Ontario). This includes one count of trading without registration and two counts of breaching OSC orders. These allegations remain before the courts in Toronto.
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
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SOURCE Ontario Securities Commission
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