The Globe and Mail reports in its Saturday edition that Mark Valentine was never "shut down" as the Ontario Securities Commission expected 20 years ago. The Globe's Jameson Berkow writes that since being permanently banned from serving on the board of directors or management of any stock-issuing Ontario company in 2004, the OSC's Capital Markets Tribunal said in a March 20 decision that Mr. Valentine has served as an officer and/or director at 38 different Ontario companies. Mr. Valentine also repeatedly violated a 15-year trading ban that was also imposed in 2004. He assisted an unnamed "business associate and friend" with trading $1.36-million worth of Flyp Technologies stock in 2018. The tribunal found his "involvement in the Flyp sale was more than a casual favour to a friend." The tribunal decision is the result of an investigation that began in 2020 for "potential breaches" of Mr. Valentine's restrictions. A hearing date "regarding sanctions and costs" will be scheduled no later than April 19, the tribunal said. Mr. Valentine admitted that his positions with 38 companies violated his lifetime ban from holding those roles and that his participation in the Flyp stock sale violated his 15-year trading ban.