Order: Ontario Securities Commission v Hew

Order
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BETWEEN:

ONTARIO SECURITIES COMMISSION
(Applicant)

- and -

RON CARTER HEW
(Respondent)

File No. 2025-19

Adjudicator: M. Cecilia Williams

January 23, 2026

ORDER

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

 

WHEREAS the Capital Markets Tribunal held a combined merits and sanctions and costs hearing in writing to consider whether to make findings against, and impose sanctions on, Ron Carter Hew;

AND WHEREAS the Tribunal made findings against Hew in its Reasons and Decision issued on January 23, 2026;

ON READING the materials filed by the Ontario Securities Commission, and Hew having not filed any materials, although having been properly served;

IT IS ORDERED THAT:

  1. pursuant to paragraph 2 of subsection 127(1) of the Securities Act (the Act), trading in any securities or derivatives by Hew shall cease permanently;
  2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Hew shall cease permanently;
  3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law shall not apply to Hew permanently;
  4. pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Hew shall resign any positions that he holds as a director or officer of an issuer or registrant;
  5. pursuant to paragraphs 8 and 8.2 of subsection 127(1) of the Act, Hew is permanently prohibited from becoming or acting as a director or officer of any issuer or registrant;
  6. pursuant to paragraph 8.5 of subsection 127(1) of the Act, Hew is permanently prohibited from becoming or acting as a registrant or as a promoter;
  7. pursuant to paragraph 9 of subsection 127(1) of the Act, Hew shall pay an administrative penalty of $100,000.00; and
  8. pursuant to section 127.1 of the Act Hew shall pay $38,282.87 for costs of the Commission’s investigation and hearing.

“M. Cecilia Williams”
M. Cecilia Williams