Order: In the Matter of Dennis Wing

Order
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IN THE MATTER OF
DENNIS WING

Philip Anisman, Commissioner and Chair of the Panel

May 24, 2018

ORDER

(Subsection 127(1) and section 127.1 of the
Securities Act, RSO 1990, c S.5) (the Act)

WHEREAS on May 24, 2018, the Ontario Securities Commission held a hearing at the offices of the Commission located at 20 Queen Street West, 17th Floor, Toronto, Ontario,to consider approval of a settlement agreement dated May 18, 2018 (the Settlement Agreement) between Dennis Wing (the Respondent) and Staff of the Commission (Staff);

ON READING the Statement of Allegations dated May 4, 2017 and the Settlement Agreement and on hearing the submissions of representatives of Staff and the Respondent;

IT IS ORDERED THAT:

  1. the Settlement Agreement is approved;
  2. the Respondent is reprimanded;
  3. the Respondent shall pay an administrative penalty of $120,000, which amount is designated for allocation or use by the Commission in accordance with subsection 3.4(2)(b)(i) or (ii) of the Act;
  4. the Respondent shall pay costs in the amount of $5,000; and
  5. the previously ordered hearing dates of June 6 and July 3, 4 and 5, 2018 are vacated.

 

" Philip Anisman "
Philip Anisman