Latest news with #OSC
Cision Canada
4 hours ago
- Politics
- Cision Canada
David Sharpe to Appeal Ontario Capital Markets Tribunal Decision Citing Regulatory Overreach, Charter Violations, and Abuse of Process
TORONTO, June 20, 2025 /CNW/ - David Sharpe, a nationally recognized First Nations legal and economic leader will appeal the findings and sanctions imposed in the recent decision of the Ontario Capital Market Tribunal. Mr. Sharpe, a member of the Mohawks of the Bay of Quinte, former Chair of the First Nations University of Canada and past CEO of Bridging Finance Inc., did not participate in nor was he present during the course of the hearing. He adopted this position in light of the summary dismissal of his motion to stay the proceedings which ignored the Tribunal's finding that OSC staff had unlawfully disclosed his compelled testimony causing irreversible harm to his career and reputation. Brian Greenspan, counsel on behalf of Mr. Sharpe noted that "This appeal not only relates to Mr. Sharpe—it engages the right of every Canadian to be protected from abuse of state power. When a public agency violates the statute which governs its operation, admits the violation and yet no remedy or accountability is provided, fundamental fairness and confidence in the adjudicative process is jeopardized." The appeal also raises issues of systemic discrimination including the failure of the OSC to investigate Mr. Sharpe's written complaint of racism. The focus of the appeal is whether "public bodies can break the law and then change the law after the fact to justify their actions. That is not how the rule of law should work in a democracy."
Cision Canada
a day ago
- Business
- Cision Canada
Shabina Ahmad given 30-month suspended sentence and banned from trading, advising, or selling securities
TORONTO , June 19, 2025 /CNW/ - The Ontario Securities Commission (OSC) announces that Ms. Shabina Ahmad has been given a 30-month suspended sentence, and probation for Possession of Property Obtained by Crime over $5000, contrary to s. 354(1)(a) of the Criminal Code. Ms. Ahmad is also banned from trading or acting to further a trade, advising on the purchase or sale of a security, or otherwise acquiring a security. The matter was prosecuted by the Peel Crown Attorney's office following a joint investigation by the OSC's Criminal Investigations and Prosecution Team and the Peel Regional Police. In addition to the probation order, Ms. Ahmad was ordered to pay restitution in the amount of $2500 to each to three separate victims, totaling $7500. Ms. Ahmad pleaded guilty to the offence and acknowledged possessing funds from three investors. The investors were falsely led to believe that when they paid money to Ms. Ahmad's TD Bank account, they were purchasing Bitcoin from a company called 'CreditEUBank.' The investors did not receive the promised Bitcoin and lost all their money. The OSC gratefully acknowledges the assistance and support of the Peel Regional Police in this joint investigation. The OSC's Criminal Investigations and Prosecutions Team investigates quasi-criminal and criminal offences related to securities, including the investigation of alleged recidivists. Charges laid under the Securities Act are prosecuted by the OSC. Charges laid under the Criminal Code are prosecuted by the Ministry of the Attorney General. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at
Cision Canada
a day ago
- Business
- Cision Canada
Ontario Securities Commission Publishes Study on Canadian ETF Market
TORONTO, June 19, 2025 /CNW/ - The Ontario Securities Commission (OSC) today published a detailed study examining the liquidity and arbitrage mechanism of Exchange-Traded Funds (ETFs) in Canada. The OSC ETF study comes as the Canadian market has experienced significant growth over the last ten years, expanding to more than 1,200 ETFs with over $500 billion in assets by the end of 2024. Retail participation in ETFs, including trading activity, has also seen an increase over the last five years. Despite this substantial growth, there has been limited research on how Canadian ETFs have functioned in recent years. The study focused on three key areas: ETF secondary market liquidity; Effectiveness of the arbitrage mechanism in ensuring that ETF market prices reflect their Net Asset Value (NAV); and Potential drivers of ETF liquidity and the arbitrage mechanism. The findings from this study informed the Canadian Securities Administrators (CSA) consultation on Enhancing Exchange-Traded Fund Regulation. The consultation was published concurrently with this report. "ETFs have become popular among a broad spectrum of investors and have proven resilient in the face of recent financial and macroeconomic events," said Grant Vingoe, CEO of the OSC. "By using data-driven insights, we can better tailor policies to protect investors while fostering a robust ETF market." The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at
Yahoo
3 days ago
- Business
- Yahoo
OSC investor warnings and alerts for May 27 - June 17, 2025
TORONTO, June 17, 2025 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario: MuxCap aka Muxcap Trendscentre Virtus Capital aka VirtusCapital (No relation to Ontario registered firm Virtus Capital Management Inc.) Cascoins MEXC AllReal Group At the OSC, we issue investor warnings and alerts about possible harmful or illegal activity in progress, and maintain a warning list of companies or individuals performing activities that may pose a risk to investors. A full list of OSC investor warnings and alerts is available on the OSC's website. Investors can sign up for email notifications when new warnings and alerts are issued and can follow the OSC's X feed at @OSC_News. Ontarians who have been approached by any of the individuals or firms listed above, or any other unregistered company or individual, are advised to contact the OSC Contact Centre at 1-877-785-1555 or via email at inquiries@ Always check the registration of any person or business trying to sell you an investment or give you investment advice. This can be done by visiting the Check Before You Invest or the Registered crypto asset trading platforms pages on the OSC website. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at Follow us on X Follow us on LinkedIn SOURCE Ontario Securities Commission View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
3 days ago
- Business
- Cision Canada
OSC investor warnings and alerts for May 27 - June 17, 2025
TORONTO, June 17, 2025 /CNW/ - The Ontario Securities Commission (OSC) is warning Ontario investors that the following companies are not registered to deal or advise in securities in Ontario: At the OSC, we issue investor warnings and alerts about possible harmful or illegal activity in progress, and maintain a warning list of companies or individuals performing activities that may pose a risk to investors. A full list of OSC investor warnings and alerts is available on the OSC's website. Investors can sign up for email notifications when new warnings and alerts are issued and can follow the OSC's X feed at @OSC_News. Ontarians who have been approached by any of the individuals or firms listed above, or any other unregistered company or individual, are advised to contact the OSC Contact Centre at 1-877-785-1555 or via email at [email protected]. Always check the registration of any person or business trying to sell you an investment or give you investment advice. This can be done by visiting the Check Before You Invest or the Registered crypto asset trading platforms pages on the OSC website. The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at
