David Phillips, accused of misleading investors of his investment firm First Leaside arrives to the Ontario Securities Commission to testify on Queen St., Toronto June 19, 2013. (Fernando Morales/The Globe and Mail)
ADRIAN MYERS
Special to The Globe and Mail
Published Thursday, Sep. 25, 2014 5:00AM EDT
Last updated Thursday, Sep. 25, 2014 5:00AM EDT
This is the story of the First Leaside Group, a residential real estate investment firm located in Uxbridge, Ont. It is not a happy story a lot of people lost a lot of money, and the Ontario Securities Commission alleges (and the Investment Industry Regulatory Organization of Canada has already found) that this happened because First Leasides founder David Charles Phillips and one of its salesmen, John Russell Wilson, were unscrupulous in their business practices.
Read more:
Legal wrangle sheds light on Ontarios unique securities regulation regime
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