INVESTOR ALERT
Penny Stock Dealers
Due to the large number of clients of penny stock dealers who have been
effected by a number of these dealers being forced out of business by the
Ontario Securities Commission, we are providing the following information
obtained from the OSC for guidance.
Generally speaking, someone who was dealing with a penny stock broker who
is out of business should have received some sort of correspondence from
the dealer suggesting that they transfer their account. In the case
of a former client of Marchment & Mackay, which declared bankruptcy,
they would have received information from the bankruptcy trustee, the law
firm of Schwartz Levitsky Feldman.
In most cases, client accounts of the firm have been transferred to
another dealer and/or certificates for shares held in client accounts
mailed to the client.
The Ontario Securities Commission welcomes inquiries from former
clients and will try to assist them in any way they can, whether it is an
involved problem or just information to be provided. The Contact
Centre can be accessed at:
Telephone: 416-593-8314
Toll Free: 1-877-785-1555
Fax: 416- 593-8122
e-Mail: inquiries@osc.gov.on.ca
Mail:
Ontario Securities Commission
Contact Centre
20 Queen Street West, Suite 1903
Toronto ON M5H 3S8
Contact Information for Securities Dealers
| A.C. MacPherson | accounts for clients who did not receive information
and give instructions were transferred to Taurus Capital Inc., an
IDA member dealer Taurus Capital's Client Service Department may be
contacted at 416-681-6967 or 1-800-361-9716
|
| Barnet Magrill Securities | client accounts were transferred to Union
Securities, an IDA member, who may be contacted at 604-687-2201
|
| Chartwell Securities | client's certificates were mailed. clients who did
not receive their certificates should contact Westminster
Securities, Ms. Dagmar Makkila, Vice President at 416-869-3911
|
| Gordon-Daly Grenadier | clients who have not received their certificates may
call the Ontario Securities Commission Contact Centre and staff will
try to assist them we have been advised that a class action law suit
on behalf of Gordon Daly clients is possible and the law firm
involved is Siskind, Cromarty, Ivey & Dowler, Dawn Sullivan, 680
Waterloo Street, P.O.Box 2520, Stn.B., London ON N6A 3V8,
telephone 519-672-2121 ext 395 or 1-800-461-6166 ext 395, fax
519-672-6065
|
| J.M. Charter Securities | clients who did not receive their certificates
should contact Octagon Capital Corporation, 181 University Ave.,
Suite 406, Guardian of Canada Tower, Toronto ON M5H 3M7,
Attention: Dave Mitchell. Telephone 416-368-3322
|
| Marchment & MacKay Limited | client accounts were transferred to Rampart
Securities, which can be reached at 416-867-6000
|
| Price Warner Securities | client's certificates were mailed. If they have not been received, a message may be left for counsel at 416-442-7803 |
Investor's
Corner
