The OSC ruled that he had improperly traded securities without being registered, by
recruiting more than a dozen family and friends to participate in Driver’
Ron Mainse, Reynold’s brother, and their cousin, David Rutledge, were ordered to pay a
combined total of nearly $450,000 in restitution and penalties to the OSC in August2010 for similar roles as recruiters.The OSC has described Reynold Mainse, Ron Mainse and Rutledge as unwitting dupes
who didn’t perpetrate any fraud themselves.
Driver had been a longtime family friend.
“I feel absolutely sick about it,” said Reynold Mainse. “It’s just a huge, unfortunatesituation for me and my family.”
Mainse said he attracted five family members and 10 friends to invest in what he
thought was “a great opportunity, which obviously wasn’t,” he said.
“I’ve apologized to them,” Mainse said. “They’re still my family, they’re still my friends.”
Reynold Mainse will be back before the OSC November 7th. He now runs a photographybusiness out of the Hamilton area.Pertinent paragraphs in the OSC decision regarding Reynold Mainse.
 Reynold and WCC, who were represented by counsel, admitted all of the allegationsrelevant to them. As Reynold admitted the allegations against him in this matter and was not contesting the evidence presented by Staff, he and his counsel only attended certain portions of the hearing. Reynold appeared on April 11, 15, 19 and 20, 2011, and his counsel appeared on April 11, 13, 15, 19 and 20, 2011. WCC was incorporated in Ontario in September 1998. According to Reynold,he stopped doing business through WCC in 2000 or 2001, but later re-activated WCC which contracted with a Christian non-profit charitable organization to lead and promote
international humanitarian aid missions. In December 2008, WCC’s registration
for failure to comply with the Corporations Tax Act, R.S.O. 1990, c. C.40,as amended.The OSC states that Reynold Mainse was the sole director of World ClassCommunications Inc. Pages 14 to 17 outline the allegations Mainse admitted to. Reynold, who was interviewed voluntarily by Staff and voluntarily provided Staff with documents relating to the Axcess Investments, made admissions on the first day of
the hearing on the merits. His counsel explained that, but for Reynold’s personal
financial situation, he would have settled with the Commission. His counsel furtherexplained that Reynold does not have the means to disgorge to the Commission the
funds he received through his and WCC’s involvement in the Axcess Investments given
the nature of his career and the dedication of his time and resources, including themoney that he received from Driver, to Christian not-for-profit charitable organizations.