OSC v. Terrence Bedford (2015)

Judgment entered

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.

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In 2015 the Ontario Securities Commission sought a reciprocal order after Terrence Bedford's Ontario guilty plea to securities fraud over a US$4.99 million fund. On May 5, 2016 it imposed ten-year trading and director bans and a permanent registrant and promoter ban.

The record

Structured fields for this action, as recorded in our case library.
Agency	OSC
Date filed	2015-07-02
Date resolved	2016-05-05
Court	Capital Markets Tribunal (Ontario)
Status	judgment
Criminal parallel	Yes: sentenced (Terrence Bedford (guilty plea 2013-03-08; two years)), Ontario Court of Justice, 2013-09-18
Bars imposed	trading ban
Defendants	Terrence Bedford (individual)
Cited as charged or alleged	Ontario Securities Act s.126.1 (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: —

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.

What is alleged to have happened

Bedford pleaded guilty in March 2013 to participating in a course of conduct that perpetrated a fraud on investors in the Greyhawk Equity Partners fund and received two years in custody. The convictions involved US$4,985,867 from 22 American and 2 Ontario investors between 2006 and 2011, with false documents hiding the fund's real value and losses.

After a contested hearing the commission's order of May 5, 2016 bars Bedford from trading and from holding director or officer roles for ten years, subject to carve-outs for a family-only issuer and his own account, and permanently from acting as a registrant, fund manager or promoter. The record showed the matter as settled; it was decided after Bedford argued against a permanent ban.

No technique tag is applied. The decision mentions a Ponzi scheme only when staff cite a different respondent's case on sanctions, and Bedford's own fraud is described as false statements about fund performance, not new money paying earlier investors.

Timeline

Primary documents

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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.