Wesley Weber Charged Quasi-Criminally With Unregistered Trading and Breaching an OSC Order

TORONTO, Nov. 18, 2015 /CNW/ - The Ontario Securities Commission (OSC) announced today that Wesley Weber of Toronto, Ontario has been charged with alleged breaches of the Securities Act (Ontario) following an investigation by the OSC's Joint Serious Offences Team (JSOT).

Weber was charged with one count of trading without registration as required by section 25(1) of the Securities Act.

Weber was further charged with one count of trading in securities while he was prohibited from doing so by order of the Commission dated October 26, 2011 and one count of being an Officer or Director while he was prohibited from doing so by order of the Commission dated October 26, 2011.

Weber continues to be subject to a cease trade order prohibiting him from trading in securities.

Weber is scheduled to appear in court in this matter on December 4, 2015 at 11:00 a.m. in Courtroom #111 at Old City Hall - Ontario Court of Justice, 60 Queen Street West, Toronto, Ontario.

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: media_inquiries@osc.gov.on.ca; Follow us on Twitter: OSC_News; For Investor Inquiries: OSC Contact Centre, 416-593-8314,1-877-785-1555 (Toll Free)


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