OSC investigates realtor amid stalled real estate projects

by Shane Dingman

Daniel St-Jean, who has never been licensed to sell securities, was ordered on Aug. 9 to stop trading until at least March, 2025.

A realtor who raised more than $25-million in promissory notes from small investors for a series of stalled real estate projects has been ordered by Ontario’s Capital Markets Tribunal, a division of the Ontario Securities Commission, to stop all trading in securities for his companies.

Daniel St-Jean, a sales representative with EXP Realty, is under investigation by the OSC for allegedly violating securities law by “trading securities without registration” between 2020 and 2023. Mr. St-Jean, who has never been licensed to sell securities, was ordered on Aug. 9 to stop trading until at least March, 2025, as the OSC completes an investigation into three companies connected to him: 7120671 Canada Inc., 8795436 Canada Inc., and AETOS Green Energy DSJ Inc.

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