178. Every person or company who or which:
(a) having an obligation to comply with a requirement of sections 157 to 177 or of the regulations adopted thereunder, fails to comply therewith, or authorizes, permits or acquiesces in such failure; or
(b) knowingly files or authorizes, permits or acquiesces in the filing of a report required under sections 157 to 177 which is false or misleading by reason of the misstatement or omission of any material fact,
is guilty of an offence.