Enforcement Action

Enforcement Action: Administrative Penalty $4,000.00
Name of Entity: St. Lawrence Trading Inc.
Date of Action: 7/22/2015

An administrative penalty in the amount of $4,000.00 was imposed on St. Lawrence Trading Inc. for its contravention of the following sections of Securities and Investment Business Act, 2010:

a)     section 54(1) for failing to obtain prior written approval from the   
        Commission when appointing a functionary of a public fund; and

b)      section 54(3) for failing to notify the Commission seven (7) days after a functionary  
         ceased to act for a public fund.