OSC v. Argosy Securities Inc. and Keybase Financial Group Inc. (2015)

On appeal

✓ Checked against the primary document on October 3, 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 Ontario Securities Commission staff sought terms and conditions on the registrations of Argosy Securities and Keybase Financial Group; the Capital Markets Tribunal reviewed the matter and issued reasons in April 2016.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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

The Securities and Exchange Commission announced this matter on November 3, 2015. The respondents named are Argosy Securities Inc. and Keybase Financial Group Inc. (0 individuals, 2 entities).

The proceeding is a review of a Director's decision of August 18, 2015 imposing terms and conditions on the firms' registration, and covers know-your-client, suitability and leverage controls. It does not concern short selling.

This library does not tag the matter to a manipulation technique. The Tribunal documents concern registrant suitability and leverage, not selling short without a borrow.

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

1. 2015-11-03 Other
2. 2015-11-03 Notice of Hearing
3. 2015-11-12 Reasons and Decision
4. 2015-12-22 Notice of Hearing
5. 2016-01-18 Reasons and Decision
6. 2016-01-20 Reasons and Decision
7. 2016-04-20 Reasons and Decision

Primary documents

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

• Tribunal proceeding
• Other
• Notice of Hearing
• Reasons and Decision
• Notice of Hearing
• Reasons and Decision
• Reasons and Decision
• Reasons and Decision

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.