Waxman hooks fine, ban in PSC case settlement

Dec 26, 2007 | 01:20 PM | Michael Marley

Robert Waxman, a key figure in a copper trading scandal at Philip Services Corp. (PSC) almost 10 years ago, has been banned from serving as an officer or director of a public company in Canada for 20 years and from trading in securities for 10 years.

In a settlement approved Friday by the Ontario Securities Commission (OSC), Waxman also agreed to pay Canadian $125,000 ($127,444) for the commission's costs to investigate the allegations of securities fraud by him and several other officers of the company.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results