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Canadian regulator denies request to suspend Omega Securities

Published 2017-11-23, 05:51 p/m
Canadian regulator denies request to suspend Omega Securities

TORONTO, Nov 23 (Reuters) - Canada's biggest securities regulator on Thursday ruled that Omega Securities could continue to run two alternative trading systems ahead of a hearing on whether it is operating in breach of Ontario provincial securities law.

A three-person panel of the Ontario Securities Commission denied a request from the agency's enforcement staff that Omega halt trading operations while the OSC reviews the matter.

Omega's Chief Executive Officer Sean Debotte declined to comment on the ruling.

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