Law & Policy

Unpaid Orders

The Manitoba Securities Commission (MSC) may issue orders against, or enter into settlement agreements with individuals or companies who have contravened The Securities Act of Manitoba. The MSC may ban respondents from certain types of activity. In addition, as set out in The Securities Act, the Commission may order respondents to pay administrative penalties, voluntary payments and costs of proceedings.

Holding respondents accountable for their misconduct is important for investor protection as well as protecting the integrity of the Manitoba capital market. As such, and in the interest of maintaining transparency, the Manitoba Securities Commission provides the list below of respondents who have not paid administrative penalties or costs of proceedings ordered by the MSC.  To access this information, refer to the full order imposed upon the respondents by clicking the “Date of Decision” link beside each respondent.

The Unpaid Orders list below is updated twice a year. Those who have satisfied orders are removed from the list at this time. Any respondents who are appealing an MSC order will remain on the list while the appeal is ongoing.

The Unpaid Orders list provides the status as follows: 

  • Unpaid (Full) – no payments have been made on the original amount ordered or agreed
  • Unpaid (Partial) – a partial amount has been paid
  • Paying as Agreed – payments are being made in accordance with a payment arrangement that is in effect.

Respondents

Date of Decision

Status

Vertex One Asset Management and Jeffrey David McCord

January 31, 2007

Unpaid (Full)

Wild Dog Inc. and Ryan Sookram

October 17, 2007

Unpaid (Full)

Eric Sonego

December 12, 2007

Unpaid (Full)

Joseph Delacore Lewis

December 12, 2007

Unpaid (Full)

Euston Capital Corp.

January 22, 2008

Unpaid (Full)

Wild Dog Inc. and Ryan Sookram

January 31, 2008

Unpaid (Full)

Jack George Wladyka

May 28, 2008

Unpaid (Full)

Everett Conrad

June 18, 2009

Unpaid (Full)

Triclean Enterprises Inc.

August 24, 2009

Unpaid (Full)

Barrie William Cahill

February 7, 2012

Unpaid (Full)

Jory Capital Inc.

May 4, 2012

Unpaid (Full)

Brian Migie

July 4, 2014

Unpaid (Full)

Last updated: September 26, 2016