Order: Ontario Securities Commission v Aziz

Order
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BETWEEN:

ONTARIO SECURITIES COMMISSION
(Applicant)

- and -

MAURICE AZIZ
(Respondent)

File No. 2025-25

Adjudicator:
M. Cecilia Williams

May 26, 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, Maurice Aziz in relation to the allegations made by the Ontario Securities Commission;

IT IS ORDERED THAT:

  1. pursuant to paragraph 7 of subsection 127(1) of the Securities Act (the Act), Aziz shall, on or before June 25, 2026, resign any positions he holds as a director or officer of any issuer;
  2. pursuant to paragraph 9 of subsection 127(1) of the Act, Aziz shall pay to the Commission an administrative penalty of $22,000; and
  3. pursuant to section 127.1 of the Act, Aziz shall pay to the Commission costs of the investigation and hearing in the amount of $7,757.50.

“M. Cecilia Williams”
M. Cecilia Williams