OSC v. Donald Bruce Wilson and others (2020)

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 2020 the Ontario Securities Commission reciprocated a British Columbia Securities Commission fraud finding against three directors of two DominionGrand mortgage investment corporations, ordering permanent market and director bans on September 22, 2020.

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

Staff of the Ontario Securities Commission asked for an order under its inter-jurisdictional provisions against Donald Bruce Wilson, David Scott Wright and Patrick K. Prinster. The British Columbia Securities Commission had found in April 2019 that the three committed fraud through their roles as directors of DominionGrand II Mortgage Investment Corporation and DominionGrand Investment Fund Inc., and in September 2019 imposed administrative penalties of $150,000 on Wilson and $250,000 on each of the others, with permanent bans.

The Ontario order of September 22, 2020 imposes permanent trading and acquisition bans, removes the exemptions, and bars each man from acting as a director, officer, registrant or promoter. Ontario imposed no financial penalty itself; the penalties above are British Columbia's. The record carried Wilson's $150,000 as an Ontario penalty and showed the outcome as unknown.

No technique tag is applied. The only use of "Ponzi" in the decision is in a passage in which the British Columbia panel distinguished this misconduct from more serious frauds such as Ponzi schemes.

Timeline

1. 2020-08-10 Notice of Hearing
2. 2020-08-10 Statement of Allegations
3. 2020-09-22 Reasons and Decision
4. 2020-09-22 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
• Notice of Hearing
• Statement of Allegations
• 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.