Decision in brief: Wolfe, Enforcement Proceeding, Settlement, February 22, 2023

Citation and CanLII link
M. Cecilia Williams (chair of the panel) and Geoffrey D. Creighton
Date of Reasons:
File Number:
Hearing Type:
Applicants / Respondents:
Aaron Wolfe

In this enforcement proceeding, OSC staff says that Aaron Wolfe bought 100,000 shares of Tahoe Resources Inc. when he was not allowed to, because at the time, he knew about a proposed acquisition of Tahoe and that information was not public.

Wolfe and OSC staff reached an agreement to settle the proceeding. The Tribunal approved the settlement. Under the settlement, Wolfe has to pay an administrative penalty of $200,000, disgorge (give up to the Commission) the profit of $125,064 he made from his trading of Tahoe shares, and pay costs of $15,000.

Decisions in brief are prepared by Governance & Tribunal Secretariat staff to help the public better understand Tribunal decisions. They do not form part of the Tribunal’s reasons and are not for use in legal proceedings.