The Ontario Securities Commission has announced that Michelle Dunk was sentenced to 75 days in jail and two years of probation by Justice Hearn of the Ontario Court of Justice in Kitchener.

Following an investigation by the OSC’s Joint Serious Offences Team, Dunk pleaded guilty to charges of unregistered trading and breaching a Commission order under the Securities Act (Ontario).

As part of her plea agreement, Dunk made an up-front restitution payment of $60,000 to the OSC, which will be forwarded directly to the victim investors in this case. The court further ordered restitution in the amount of $15,554.80 to be paid to the OSC within six months of the probation order, for return to the victim investors.

Between September 2011 and February 2012, OSC says Dunk was involved in the sale and distribution of Hockley Energy securities to Ontario investors, even though Dunk has never been registered with the Commission under the Securities Act. As well, OSC says Dunk has been prohibited from trading in securities by order of the Commission dated July 27, 2011.

Dunk continues to be subject to a cease trade order prohibiting her from trading in securities.