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ARTICLE · 25 OCTOBER 2018

Registered Advisor Sentenced To Jail Time

Babin Bessner Spry LLP
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On September 26, 2018, the Ontario Superior Court of Justice sentenced Daniel Tiffin to six months in jail for violations of the Securities Act (the "Act"). Tiffin and his company,

CanadaCorporate/Commercial Law
Uri Snir
Uri Snir
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On September 26, 2018, the Ontario Superior Court of Justice sentenced Daniel Tiffin to six months in jail for violations of the Securities Act (the "Act"). Tiffin and his company, Tiffin Financial Corporation ("TFC") (collectively, the "Respondents"), were convicted of:

  1. Trading in securities without registration, in breach of s. 25(1) of the Act;
  2. Distributing securities without filing a prospectus, in breach of s. 53(1) of the Act; and
  3. Trading in securities while prohibited from doing so by an order of the Ontario Securities Commission ("OSC").

The Respondents were initially acquitted of all charges in 2016. Earlier this year, the Court overturned the acquittals and substituted the above convictions.

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