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Canadian regulator seeks C$1 mln penalty per infraction from Omega Securities
November 16, 2017 / 9:16 PM / in a month

Canadian regulator seeks C$1 mln penalty per infraction from Omega Securities

TORONTO, Nov 16 (Reuters) - The enforcement arm of the Ontario Securities Commission (OSC) is calling for Omega Securities Inc to pay an administrative penalty of up to C$1 million ($784,190) per failure to comply with provincial securities law, the regulator said on Thursday.

A hearing on the allegations that could result in the operations of two Canadian alternative trading systems being suspended is due to be held on Friday. ($1 = 1.2752 Canadian dollars) (Reporting by Alastair Sharp, editing by G Crosse)

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