TORONTO, Jan. 6 /CNW/ - The Ontario Securities Commission (the "OSC") is warning investors in Ontario that Weizhen Tang ("Tang") or companies associated with Tang may be soliciting residents of Ontario for investment purposes. Previous Oversea Chinese Fund investors, their family or friends may be targeted.
On June 9, 2009, the OSC charged Tang with 12 counts of breaching the Securities Act (Ontario) in relation to Oversea Chinese Fund Limited Partnership. The OSC alleges, among other things, that Tang committed securities fraud. The Provincial Court trial in this matter is scheduled to commence on April 19, 2010.
The OSC has also ordered Tang not to trade in any securities. This order commenced on March 17, 2009 and remains in effect.
A Canada-wide warrant was issued today by Toronto Police Service for the arrest of Tang for the criminal charge of fraud over $5,000.
If you have any questions or information relating to this matter, please contact the OSC Contact Centre at 1-877-785-1555.
SOURCE Ontario Securities Commission
For further information: For further information: For Media Inquiries: Wendy Dey, Director, Communications & Public Affairs, (416) 593-8120; Theresa Ebden, Senior Communications Specialist, (416) 593-8307; Robert Merrick, Senior Communications Specialist, (416) 593-2315; For Investor Inquiries: OSC Contact Centre, (416) 593-8314, 1-877-785-1555 (Toll Free)