Asked by Shakia Balmer on May 10, 2024

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What sanction can the Ontario Securities Commission not levy on individuals who breach the Securities Act?

A) Fines
B) Damage compensation to harmed parties
C) Retraction of registration as an investment dealer
D) Revocation of licence of a securities salesman
E) Prohibition from acting as a director

Ontario Securities Commission

The regulatory body responsible for overseeing the securities industry in Ontario, Canada, ensuring fair and transparent markets.

Securities Act

A U.S. law enacted in 1933 that regulates the offer and sale of securities to protect investors from fraud.

Investment Dealer

A business entity or individual that engages in the buying and selling of securities for its clients or its own account.

  • Acquire knowledge about the responsibilities and powers of administrative organizations in managing professional operations and business affairs.
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Verified Answer

JN
Javier Nevarez-CabreraMay 13, 2024
Final Answer :
B
Explanation :
The Ontario Securities Commission (OSC) can impose fines, retract registrations, revoke licenses, and prohibit individuals from acting as directors as part of its enforcement actions. However, it does not have the authority to order damage compensation to harmed parties; such compensation typically requires a separate legal action in the courts.