OSC v. Imtiaz Hashmani (2013)

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.

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In 2013 the Ontario Securities Commission approved a settlement with Imtiaz Hashmani, chief financial and compliance officer of the MineralFields group, over untrue statements to the Commission and failures to supervise the firms' compliance, including monitoring of personal trading by access persons. He agreed to a C$34,000 penalty and bans. The matter does not allege that he traded on inside information.

The record

Structured fields for this action, as recorded in our case library.
Agency	OSC
Date filed	2013-11-29
Date resolved	2013-12-09
Court	Capital Markets Tribunal (Ontario)
Status	settled
Asset class	equities
Criminal parallel	No
Defendants	Imtiaz Hashmani (individual)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —
Penalty as published: C$34k

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 issued its statement of allegations on November 29, 2013 and approved the settlement on December 9, 2013.

Compliance reviews of the MineralFields Group, which managed flow-through limited partnerships, found that Hashmani, who was also a registered dealing representative, gave untrue or misleading information to Staff and did not ensure that trades by access persons were pre-approved and met securities law, including the insider trading provisions.

The order reprimands him, bars him from acting as a director or ultimate designated person of a registrant permanently, bars him as chief compliance officer for six years and imposes a C$34,000 penalty. The insider-trading tag came from the phrase 'insider trading' in the description of the compliance duties he failed to carry out; it has been removed. The record previously showed the matter as filed, though the order had been made.

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.