November 16, 2017 / 9:20 PM / a month ago

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

TORONTO (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.

Reporting by Alastair Sharp, editing by G Crosse

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