Timber company Sino-Forest and several of its top executives defrauded investors and misled investigators, the…
Securities commissions defend name-and-shame lists despite unpaid penalties
In the five years since the Ontario Securities Commission launched its “delinquent respondents list,” a website page designed to expose securities law violators, only a few of the names have been removed. Only 16 of the 432 names on the list have been...
Home Capital to pay $11 million over mortgage fraud
Ontario’s securities watchdog approved a settlement on Wednesday with Home Capital Group Inc. and three former executives who failed to tell investors quickly and completely about fraudulent activity by some mortgage brokers associated with the alternative...
Callidus Capital disputes report of whistleblowers alleging fraud
Canadian alternative lender Callidus Capital Corp. is denying reports that regulators and police are probing the company’s business after whistleblowers came forward to allege the company is engaged in fraud. The company trades on the Toronto Stock Exchange...
OSC: Sino-Forest defrauded investors
The Ontario Securities Commission (OSC) ruled on Friday that China-based timber company Sino-Forest Corp., which was formerly listed on the Toronto Stock Exchange (TSX), engaged in fraudulent practices. The ruling upheld almost all of the regulator’s allegations...