The Ontario Securities Commission has put off its hearing in the Andrew Rankin case until May.

The OSC is pushing back the hearing in the case to May 19 from its original February 17 date.

Rankin, a former investment banker, is seeking a variation, or revocation, of a settlement agreement he reached with the commission back in 2008.

In that settlement, Rankin was permanently restricted from registration, permanently prohibited from becoming a director or officer of any registrant or reporting issuer, he agreed to cease trading for 10 years (apart from mutual funds and ETFs), and he agreed to pay $250,000 towards the OSC’s investigation costs; amid allegations that he pushed tipped a childhood friend about pending merger deals.

IE