TORONTO, June 30, 2016 /CNW/ - The Ontario Securities Commission (OSC) announced today that Michelle Dunk of Waterloo, Ontario, has been charged with alleged breaches of the Securities Act (Ontario) following an investigation by the OSC's Joint Serious Offences Team (JSOT).
Dunk was charged with one count each of trading without registration as required by section 25(1) of the Securities Act, trading in securities without a prospectus as required by section 53(1) of the Securities Act, and trading in securities during a time when she was prohibited from doing so by order of the Commission dated July 27, 2011.
In addition, Dunk was charged with one count of fraud, contrary to section 126.1(1)(b) of the Securities Act.
Dunk continues to be subject to a cease trade order prohibiting her from trading in securities.
It is alleged that between September 2012 and May 30, 2016, Dunk was involved in the sale and distribution of Rocky Point Energy securities to Ontario investors.
It is further alleged that Dunk has never been registered with the Commission under the Securities Act, and no prospectuses qualifying any Rocky Point Energy-related securities have ever been filed with the Commission.
Dunk is scheduled to appear in court on this matter on July 12, 2016 at 9:00 a.m. in Courtroom # 106 at the Ontario Court of Justice, 85 Frederick Street, Kitchener, Ontario.
Further victims are believed to exist and are encouraged to come forward. Any investors who were solicited or who invested in Rocky Point Energy securities should contact the OSC's Contact Centre: http://www.osc.gov.on.ca/en/contactus_index.htm
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 protected]; For Investor Inquiries: OSC Contact Centre, 416-593-8314, 1-877-785-1555 (Toll Free)