Order: Ontario Securities Commission v Alli
BETWEEN:
ONTARIO SECURITIES COMMISSION
(Applicant)
- and -
NAYEEM ALLI
(Respondent)
File No. 2025-26
Adjudicator:
M. Cecilia Williams
June 2, 2026
ORDER
(Subsection 127(1) and section 127.1 of the Securities Act, RSO 1990, c S. 5)
WHEREAS the Capital Markets Tribunal held a combined merits, sanctions and costs hearing in writing to consider whether to make findings against, and impose sanctions and costs on, Nayeem Alli;
AND WHEREAS the Tribunal made findings against Alli in its Reasons and Decision issued on June 2, 2026;
ON READING the materials filed by the representatives of the Ontario Securities and by Alli, acting on his own behalf;
IT IS ORDERED, for reasons to follow, that:
- Alli shall, on or before July 2, 2026, resign any positions he holds as a director or officer of any issuer, pursuant to paragraph 7 of s. 127(1) of the Securities Act (the Act);
- Alli is prohibited from becoming or acting as a director or officer of any issuer until June 22, 2032, pursuant to paragraph 8 of s. 127(1) of the Act;
- Alli shall pay an administrative penalty of $6,000 for his failure to comply with Ontario securities law, pursuant to paragraph 9 of s. 127(1) of the Act; and
- Alli shall pay to the Commission $4,200 for costs of the investigation and hearing, pursuant to s. 127.1 of the Act.
“M. Cecilia Williams”
M. Cecilia Williams