The Ontario Securities Commission has announced Shaida Bandali has been charged with alleged breaches of the Securities Act (Ontario).
The charges follow an investigation by the OSC’s Joint Serious Offences Team, related to the misuse of confidential information at Rouge Valley Hospital earlier this year.
Bandali was a clerk at that hospital, and has been charged with unregistered trading, contrary to s. 25(1) of the Securities Act.
The OSC alleges that between January 1, 2010 and March 31, 2014, Bandali engaged in the business of trading in securities without being registered to do so in relation to the following particulars:
- repeatedly breaching the confidentiality policies of her employer, the Rouge Valley Hospital, by accessing, copying, or distributing confidential personal data of maternity patients to one or more RESP dealer representatives;
- creating investor lists from unauthorized access to confidential maternity patient information;
- selling investor lists drawn from unauthorized access to confidential maternity patient information to one or more RESP dealer representatives in the business of soliciting clients; and
- receiving monies for confidential maternity patient information from RESP dealer representatives without disclosing her conduct to her employer and to maternity patients.
The first court appearance for Bandali in this matter is scheduled to take place on December 12, 2014 at the Old City Hall in Toronto.
The OSC says the JSOT investigation into this matter is ongoing and continues on a priority basis.