Tracy Pratt acted as staff of the OSC in a proceeding from 2001 to 2006 involving Saxton Investments. The financing arm of Saxton raised monies in Canada for investment in the operating arm's businesses. The Saxton businesses were focused principally in the beverage and hospitality industries in Cuba. Saxton raised approximately $37 million from investors. Settlements were reached with 22 respondents, including Saxton's president (who is currently facing criminal charges of fraud) and the controller of Saxton, a chartered accountant. The Commission approved settlements, including orders ranging from 90 days to 22 year cease trade orders and bans on being a director or officer of a public company.