OSC charges man with unregistered trading

By Staff | December 11, 2013 | Last updated on December 11, 2013
1 min read

The Ontario Securities Commission has charged Torontonian David Borg with an alleged breach of the Securities Act following an investigation by its joint serious offences team.

Borg has been charged with one count of trading without registration, under s. 122(1)(c) of the act. The charges relate to his alleged role in selling shares of Enriching Pictures Inc. to investors. It is alleged that approximately $700,000 was received from investors.

The joint serious offences team “is focussed on protecting investors from individuals who are not registered,” said Tom Atkinson, director of enforcement at the OSC.

Borg’s first court appearance on the charges is scheduled for Jan. 14.

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.