OSC alleges Cormark Securities was part of ‘illegal’ short-selling scheme

Breadcrumb Trail Links News Cormark and their client allegedly devised a complex series of transactions in 2017 that would profit — ‘virtually risk-free’ — from an anticipated spike in demand for Canopy Growth Corp shares The alleged scheme involving investment dealer Cormark Securities Inc. sought to capitalize on an expected heightened demand for cannabis company Canopy … Read more

OSC chair resigns less than a year into the job

Article content Heather Zordel, the chair of the Ontario Securities Commission, has resigned less than a year after her appointment to the role. Article content Ontario Finance Minister Peter Bethlenfalvy accepted Zordel’s resignation on Oct. 21, a ministry spokesperson confirmed this week. No reason was given for her departure. Article content “We thank Mrs. Zordel … Read more

OSC alleges fraud in US$51-million crypto token offering

Breadcrumb Trail Links FP Finance Cryptocurrency Ontario man is accused of ‘depleting a significant amount of invested funds’ for purposes unrelated to crypto The Ontario Securities Commission is Canada’s largest capital markets regulator. Photo by National Post files Article content Canada’s largest capital markets regulator accused an Ontario man of a massive cryptocurrency fraud involving … Read more