OSC v. Bradon Technologies Ltd. and others (2013)

Judgment entered

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In 2013 Ontario Securities Commission staff alleged that Timothy German and Ensign Corporate Communications sold shares of a private software company, Bradon Technologies, to investors at about five times what German had paid, with Bradon's chief executive Joseph Compta endorsing the sales. After a contested hearing the commission ordered permanent market bans in May 2016, with a $500,000 penalty on German and $300,000 on Compta.

The record

Structured fields for this action, as recorded in our case library.
Agency	OSC
Date filed	2013-10-03
Date resolved	2016-05-20
Court	Capital Markets Tribunal (Ontario)
Status	judgment
Asset class	equities
Criminal parallel	No
Bars imposed	trading ban
Defendants	Bradon Technologies Ltd. (entity) ; Joseph Compta (individual) ; Ensign Corporate Communications Inc. (entity) ; Timothy German (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: —
Penalty as published: C$500k

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

Staff of the Ontario Securities Commission filed a statement of allegations on October 3, 2013. It alleged that German, through Ensign, bought 748,000 Bradon shares for about $808,000 and resold part of them to at least 43 investors for about $1.51 million, without telling them what he had paid, and promised to have the shares registered in their names but did not. Compta, Bradon's president, was alleged to have endorsed German to investors. Staff alleged breaches of the registration and prospectus rules and a course of conduct that perpetrated a fraud.

The commission heard the merits in December 2014 and February 2015, issued its merits decision on July 21, 2015, and made its sanctions order on May 20, 2016. The order bans all four respondents from trading, acquiring securities and acting as registrants or promoters permanently, bars German and Compta from serving as directors or officers, imposes administrative penalties of $500,000 on German and $300,000 on Compta, and orders disgorgement of $263,000 and $1,367,505.68 on a joint and several basis. The record previously showed the matter as dismissed; it was not.

No technique tag is applied. The allegations concern an undisclosed share markup and unregistered selling; no document in the file describes a Ponzi scheme, and the earlier tag rested on the proceeding index page, not on any finding.

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.