Solar Income Fund Inc.

Represented Solar Income Fund Inc. and Allan Grossman in enforcement proceeding brought by Staff of the Ontario Securities Commission alleging that Solar Income Fund and certain of its directors and officers had used over $20 million in proceeds raised from investors for purposes other than those that had been represented to investors, contrary to various provisions of the Securities Act (Ontario). After a five-week hearing, the OSC found the respondents liable for a misuse of only a small fraction of the amount claimed and dismissed the balance of the allegations.