Canadian regulator seeks C$1m penalty per infraction from Omega Securities

TORONTO, Nov 16 (Reuters) – The enforcement arm of the Ontario Securities Commission (OSC) is calling for Omega Securities Inc to pay an administrative penalty of up to C$1 million ($784,190) per failure to comply with provincial securities law, the regulator said on Thursday.

A hearing on the allegations that could result in the operations of two Canadian alternative trading systems being suspended is due to be held on Friday. ($1 = 1.2752 Canadian dollars)

(Reporting by Alastair Sharp, editing by G Crosse).