Red Flags
8
Kevin Wilkerson
Kevin Wilkerson faces serious allegations of obstructing an Ontario Securities Commission investigation into the Ascension Foundation’s fundraising activities. Proposed sanctions include substantial financial penalties and professional prohibitions, reflecting the severity of the misconduct.
Quick summary on Kevin Wilkerson
Obstruction of Regulatory Investigation: Wilkerson, along with Sean Daley, reportedly impeded the OSC’s inquiry by discouraging investors and the public from cooperating, undermining the integrity of the regulatory process.
Violation of Securities Act Principles: Their actions are alleged to have contravened the foundational principles of the Securities Act, potentially compromising the fairness and efficiency of capital markets.
Imposition of Financial Penalties: The OSC staff has recommended significant financial penalties, including costs totaling C$80,000 for Wilkerson, reflecting the gravity of the alleged misconduct.
Professional Prohibitions: Proposed sanctions include permanent bans on market participation and prohibitions against serving as a director or officer of any registrant or issuer for five years, severely restricting Wilkerson’s professional activities.
Non-Compliance with Legal Proceedings: Wilkerson reportedly chose not to attend the sanctions hearing despite being properly served, indicating a possible disregard for legal processes.
Intel Reports
by: Jason Rivera
Violating Securities Act ain't a small deal, he messed with market fairness.
by: Rebecca Palmer
Manipulating markets and discouraging cooperation ain't just unethical, it damages trust in the entire financial system. People invest their hard-earned money, and guys like him make it riskier for everyone.
by: Tyler Owens
Five years off the market? Honestly, he should never be allowed back in.
Pros