Order: Ontario Securities Commission v Purpose Investments Inc

Order
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ONTARIO SECURITIES COMMISSION

(Applicant)

- and –

PURPOSE INVESTMENTS INC. and SOM SEIF

(Respondents)

File No. 2025-18

Adjudicator: Russell Juriansz

October 6, 2025

ORDER

WHEREAS on October 6, 2025, the Capital Markets Tribunal held the first case management hearing by videoconference;

ON READING the materials filed by the Ontario Securities Commission, and on hearing the submissions of the representatives for each of the Commission, Purpose Investments Inc. and Som Seif;

IT IS ORDERED THAT:

  1. by 4:30 PM on October 10, 2025, the Commission shall disclose to the respondents all interview transcripts, not including exhibits to the interview transcripts;
  2. by 4:30 PM on October 22, 2025, the Commission shall disclose to the respondents the non‑privileged, relevant documents and things in the Commission’s possession or control;
  3. any motion by the respondents regarding the Commission's disclosure or seeking disclosure of additional documents shall be served and filed by 4:30 PM on December 5, 2025;
  4. by 4:30 PM on December 12, 2025, the Commission shall:
    1. serve and file a witness list;
    2. serve a summary of each witness’s anticipated evidence on the respondents; and
    3. indicate any intention to call an expert witness, including providing the expert’s name and the issues on which the expert will give evidence;
  5. a further case management hearing is scheduled for December 16, 2025, at 10:00 AM, by videoconference, or on such other date and time as may be agreed to by the parties and set by the Governance & Tribunal Secretariat; and
  6. by 4:30 PM on October 9, 2025, each of the parties shall file with the tribunal their availability for merits hearing dates in March and May 2026.

 

“Russell Juriansz”
Russell Juriansz