Canada-wide sanction search
As CFO of Larkspur Capital Corp., failed to file interim financial statements within the prescribed period on two occasions in 2020. Undertaking to complete continuing-education program; no monetary penalty.
As controller of Groupe Financier Béliveau inc., signed off on quarterly filings containing overstated deferred revenue. $60,000 penalty; 24-month prohibition from acting as officer of an AMF-registered dealer (expired 2022).
Issuer-level CTO against Granite Pass Capital Corp. for failure to file annual financial statements. Mr. Okafor served as director at time of default. CTO lifted 2019-08-04 following remedial filings.
While registered as Investment Advisor at Stenhouse Securities, breached UMIR 2.1 (Just and Equitable Principles of Trade) by failing to disclose related-party participation in three private placements. Fined $42,000; 6-month suspension served.
Settled allegations relating to misleading promotional disclosure at Lindqvist Resources Corp. (2014). $35,000 administrative penalty.
Settled allegations of misleading promotional disclosure relating to Cobalt Ridge Minerals Ltd. (2012). $75,000 administrative penalty; 5-year director ban (expired 2019).
Former Registered Representative at Ashland Barrow Securities; engaged in unauthorized discretionary trading in 11 client accounts. $55,000 fine, 3-year suspension, must rewrite CPH before re-registration.
Admitted to engaging in a manipulative trading scheme (spoofing) in the shares of two TSXV-listed issuers between May 2021 and Feb 2022. $310,000 disgorgement, $90,000 costs, 8-year market-participation ban.
Personal CTO issued for insider-reporting deficiencies spanning 14 trades between 2019 and 2021 across two issuers. Order revoked 2022-09-12 after remedial filings and $18,500 administrative penalty.
Panel found respondent perpetrated an illegal distribution ($4.1M raised from 62 Alberta investors without prospectus or exemption). Permanent trading ban and $250,000 administrative penalty; disgorgement of $180,000.
Second penalty for continuing to hold out as a securities advisor while under the 2019 CTO. Additional $120,000 penalty and referral to Directeur des poursuites criminelles et pénales.
Personal CTO issued in connection with recommending unregistered crypto-asset offerings to Quebec residents. Order remains in effect; no application for revocation on file.
Misappropriated $412,000 from four elderly clients over 2011–2014 while employed at Fairbrook Wealth. Permanently barred from CIRO-regulated activity; restitution ordered.