OSC v. Dennis Wing (2017)

Settled

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (osc-dennis-wing-2017) by email

In 2017 the Ontario Securities Commission alleged that Dennis Wing sold 130,000 Just Energy shares on August 28, 2015, in breach of a June 2015 order permanently barring him from trading. He later settled, accepting a reprimand and a C$120,000 penalty. The charge is breach of a cease-trade order, not insider trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	OSC
Date filed	2017-05-04
Date resolved	2018-05-24
Court	Capital Markets Tribunal (Ontario)
Status	settled
Asset class	equities
Criminal parallel	No
Defendants	Dennis Wing (individual)
Cited as charged or alleged	Ontario Securities Act s.76 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —
Penalty as published: C$120k

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars. This regulator states penalties in CAD. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

The Ontario Securities Commission filed its statement of allegations on May 4, 2017; a settlement agreement was reached in May 2018.

On June 24, 2015 a hearing panel had ordered Wing to cease trading permanently, after finding six instances of insider trading and misleading Staff, with total sanctions of about C$2.57 million. The 2017 allegations concern a later trade, on August 28, 2015, from a BMO InvestorLine account, which Staff said breached subsection 122(1)(c) of the Securities Act and was contrary to the public interest.

Under the settlement Wing is reprimanded and pays an administrative penalty of C$120,000. This record was tagged insider trading because the earlier case is described in the documents; the 2017 matter itself is a cease-trade breach, so the tag has been removed. The status was also recorded as dismissed, which is wrong.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.