Regulatory Alerts2026-07-03
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OSC files bankruptcy application against Harry Stinson over unpaid sanctions
The Ontario Securities Commission has filed an application under the Bankruptcy and Insolvency Act to obtain a bankruptcy order against Harry Stinson and appoint a trustee over his assets. This action follows Stinson’s failure to pay financial sanctions and costs ordered by the Capital Markets Tribunal on December 15, 2023, which include over $13 million in disgorgement and $600,000 in administrative penalties. A public hearing is scheduled for September 23, 2026, at which a court will decide whether to appoint a trustee to assume control of Stinson’s assets.
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