Ontario Securities Commission

OSC alleges multiple breaches of securities law by offshore crypto asset trading platform

Retrieved on: 
Monday, October 2, 2023
Failure, Administrator, Ontario Securities Commission, British Columbia Securities Commission, Person, Prospectus, Canadian Securities Administrators, OSC, Legislation, Cryptocurrency

The OSC alleges that, since at least 2018, CoinField operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.

Key Points: 
  • The OSC alleges that, since at least 2018, CoinField operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.
  • The OSC also alleges that CoinField did not, and continues not to, have sufficient crypto assets in custody to satisfy investor withdrawal requests.
  • This enforcement action is part of the Canadian Securities Administrators' ongoing, coordinated effort to ensure that crypto asset trading platforms comply with securities legislation in Canada.
  • Before investing in crypto assets, investors should also consult the list of platforms that are registered with Canadian securities regulators.

YOOMA WELLNESS INC. ANNOUNCES SALE OF VITALITY CBD

Retrieved on: 
Friday, September 29, 2023
Cash, Disposal, CSE, Canadian Securities Exchange, Ontario Securities Commission, Bank statement, Disclosure, Sale, YOOM, Exchange, CBD, CFO, Life insurance, Security (finance), Vitality

Toronto, Ontario, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Yooma Wellness Inc. (CSE: YOOM, AQSE: YOOM) ("Yooma" or the "Company") today announced that its wholly-owned subsidiary Yooma Europe Limited (“Yooma Europe”) has completed the sale of Birmingham-based Vitality CBD Limited (“Vitality”), a UK-focused CBD company, for a total consideration of US$2.0 million (the “Disposal”) to Psilobrain Therapeutics Inc. (“Psilobrain”).

Key Points: 
  • Toronto, Ontario, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Yooma Wellness Inc. (CSE: YOOM, AQSE: YOOM) ("Yooma" or the "Company") today announced that its wholly-owned subsidiary Yooma Europe Limited (“Yooma Europe”) has completed the sale of Birmingham-based Vitality CBD Limited (“Vitality”), a UK-focused CBD company, for a total consideration of US$2.0 million (the “Disposal”) to Psilobrain Therapeutics Inc. (“Psilobrain”).
  • Psilobrain is a private Canadian biotech company that uses the latest in psychedelic medicine to design products that facilitate evidence-based healing & wellness.
  • The consideration payable by Psilobrain comprises US$1.0 million in cash (the “Cash Consideration”), and US$1.0 million in new shares of Psilobrain (the “Consideration Shares”).
  • The consideration payable by Psilobrain is subject to customary adjustments, Vitality having been sold on a debt-free, cash-free basis.

Alex Spiro and Team from Quinn Emanuel Retained to Represent My Forex Funds (MFF) Against CFTC Allegations

Retrieved on: 
Monday, September 25, 2023
Commodity Futures Trading Commission v. Schor, Ontario Securities Commission, LLP, Quinn Emanuel Urquhart & Sullivan, CFTC, Multimedia, Freezing, Contract management

VAUGHAN, ON, Sept. 25, 2023 /PRNewswire/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously investigate and defend against the allegations made by the Commodity Futures Trading Commission (CFTC).

Key Points: 
  • VAUGHAN, ON, Sept. 25, 2023 /PRNewswire/ - My Forex Funds has retained the legal team at Quinn Emanuel Urquhart & Sullivan, LLP, led by Alex Spiro, Rob Zink, Michael Shaheen, and Dakota Speas, to vigorously investigate and defend against the allegations made by the Commodity Futures Trading Commission (CFTC).
  • On August 29, 2023, the CFTC filed a civil enforcement action in federal district court against My Forex Funds and Murtuza Kazmi.
  • My Forex Funds and Mr. Kazmi vehemently dispute the allegations brought forth by the CFTC.
  • My Forex Funds, including its legal team, is fully committed to addressing these allegations professionally and through the appropriate legal channels.

Don’t Miss the Opportunity For NorthWest Shareholders To Protect Their Investment: Vote BLUE Today

Retrieved on: 
Tuesday, September 19, 2023
Kemess Mine, BLUE, Letter, Mineral, Activism, FOR, Dissident, Ontario Securities Commission, Record, History, Shareholder, Glass Lewis, Suite, The Company, Investment, Risk, Gold, Lavender Hill Mob (gay activist group), Contempt, Mining, HSBC Building, The Sundays, Blackwell, First Nations, Knowledge, Copper, Proxy, ISS, Internet service provider, Holding company, Security (finance), Management, Points of the compass

Shareholders are encouraged to vote immediately FOR NorthWest’s seven highly capable and experienced directors before the 10 a.m. (Vancouver time) deadline on Friday, September 22, 2023.

Key Points: 
  • Shareholders are encouraged to vote immediately FOR NorthWest’s seven highly capable and experienced directors before the 10 a.m. (Vancouver time) deadline on Friday, September 22, 2023.
  • NorthWest expects a record high turnout at the upcoming annual meeting of shareholders and thanks its shareholders for the strong support already received.
  • NorthWest urges shareholders to vote the BLUE proxy as recommended by both ISS and Glass Lewis.
  • Vote BLUE To Protect Your Investment in NorthWest.

OSC relaunches best-in-class investor education website GetSmarterAboutMoney.ca

Retrieved on: 
Tuesday, September 19, 2023
Psychology, Ontario Securities Commission, Speech, Human, Person, Newsletter, WGAC, Artificial intelligence, Web Content Accessibility Guidelines, News, OSC, Cryptocurrency, Online shopping

TORONTO, Sept. 19, 2023 /CNW/ - The Ontario Securities Commission (OSC) today relaunched its award-winning investor education website GetSmarterAboutMoney.ca with new artificial intelligence tools, the latest accessibility features, and significant design innovations.

Key Points: 
  • TORONTO, Sept. 19, 2023 /CNW/ - The Ontario Securities Commission (OSC) today relaunched its award-winning investor education website GetSmarterAboutMoney.ca with new artificial intelligence tools, the latest accessibility features, and significant design innovations.
  • "GetSmarterAboutMoney.ca is one of Canada's most popular financial education websites used by millions of people each year," said OSC CEO Grant Vingoe.
  • Investor resources are also available on the OSC's investor social media channels and through outreach events online and across the province.
  • 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 http://www.osc.ca .

iSIGN Media Announces a Delay in the Release of its Annual Financial Statements and an Amendment Extending Various Convertible Debentures

Retrieved on: 
Thursday, September 14, 2023
Marketing, Digital Marketing, Communications, Security, Technology, Mobile, Wireless, Software, Minority, MI, Ontario Securities Commission, TSX Venture Exchange, Universal Market Integrity Rules, Sale, Certification, Corporation, National instrument, OTC, TSX, Legislation, Security (finance), Disclosure

The Company is working diligently and expeditiously with its auditors and expects to file the documents as soon as possible.

Key Points: 
  • The Company is working diligently and expeditiously with its auditors and expects to file the documents as soon as possible.
  • Pursuant to the terms of the amendment, the conversion rate for the additional three-year period would be $0.10 in each of the additional three years.
  • The three debt holders are companies that are either controlled or are wholly owned by iSIGN’s majority shareholder and control person Josip (Joe) Kozar.
  • The Company confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.

OSC publishes Summary Report for Investment Fund and Structured Product Issuers

Retrieved on: 
Wednesday, September 13, 2023
Crypto, Communication, Women's eNews, Issuer, Ontario Securities Commission, CSA, Bank statement, Investment, Person, Investment fund, Prospectus, News, OSC, Cryptocurrency

TORONTO, Sept. 13, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its summary report on key activities undertaken by the Investment Funds and Structured Products (IFSP) branch in fiscal 2022-2023.

Key Points: 
  • TORONTO, Sept. 13, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published its summary report on key activities undertaken by the Investment Funds and Structured Products (IFSP) branch in fiscal 2022-2023.
  • The results of the latter were included in CSA Staff Notice 81-336 Guidance on Crypto Asset Investment Funds that are Reporting Issuers which was published on July 6, 2023.
  • Emerging issues and initiatives: Information from the Investment Fund Survey continues to be collected and streamlined, providing extensive information on the investment fund industry and risk indicators.
  • 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 https://www.osc.ca .

Notice - TRADERS GLOBAL GROUP INC. and MUHAMMAD MURTUZA KAZMI

Retrieved on: 
Thursday, September 7, 2023
Commission, Ontario Securities Commission, Notice of Hearing, Tribunal, Application, Hearing, Satellite navigation device, Property management

TORONTO, Sept. 7, 2023 /CNW/ - The Tribunal issued a Notice of Hearing on September 7, 2023 setting the matter down to be heard on September 13, 2023 at 10:00 a.m. to consider whether the Capital Markets Tribunal should grant the Application filed by Staff of the Commission to extend the temporary order issued by the Ontario Securities Commission on August 29, 2023.

Key Points: 
  • TORONTO, Sept. 7, 2023 /CNW/ - The Tribunal issued a Notice of Hearing on September 7, 2023 setting the matter down to be heard on September 13, 2023 at 10:00 a.m. to consider whether the Capital Markets Tribunal should grant the Application filed by Staff of the Commission to extend the temporary order issued by the Ontario Securities Commission on August 29, 2023.
  • A copy of the Notice of Hearing dated September 7, 2023 and Application dated September 6, 2023 are available at capitalmarketstribunal.ca

OSC continues to hold non-compliant crypto asset trading platforms accountable

Retrieved on: 
Wednesday, September 6, 2023
Money, British Virgin Islands, Ontario Securities Commission, CSA, Monetary Authority of Singapore, British Virgin Islands Financial Services Commission, Person, Prospectus, OSC, Legislation, Cryptocurrency

The OSC alleges that, from November 25, 2019 to January 6, 2023, the foreign incorporated Phemex entities operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.

Key Points: 
  • The OSC alleges that, from November 25, 2019 to January 6, 2023, the foreign incorporated Phemex entities operated an unregistered crypto asset trading platform and allowed Ontario residents to trade crypto asset products that are securities and derivatives.
  • This enforcement action is part of the Canadian Securities Administrators (CSA)'s ongoing, coordinated effort to ensure that crypto asset trading platforms comply with securities legislation in Canada.
  • The OSC will continue to take action against non-compliant crypto asset trading platforms and are in contact with international securities regulators to exchange information to support enforcement action.
  • Before investing in crypto assets, investors should also consult the list of platforms that are registered with Canadian securities regulators.

CSE Bulletin: Suspension - Green Scientific Labs Holdings Inc. (GSL)

Retrieved on: 
Wednesday, September 6, 2023
Hilltop Holdings Inc., CSE, Politique, Ontario Securities Commission, National instrument, Policy, Bourse des Valeurs d'Abidjan, Whaling, Nightclub

Toronto, Ontario--(Newsfile Corp. - le 6 septembre/September 2023) - Effective immediately, Green Scientific Labs Holdings Inc. is suspended pursuant to CSE Policy 3.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - le 6 septembre/September 2023) - Effective immediately, Green Scientific Labs Holdings Inc. is suspended pursuant to CSE Policy 3.
  • The suspension is considered a Regulatory Halt as defined in National Instrument 23-101 Trading Rules.
  • For more information about Cease Trade Orders, visit the Canadian Securities Administrators Cease Trade Order database at www.securities-administrators.ca
    À compter d'aujourd'hui, Green Scientific Labs Holdings Inc. est suspendu conformément à la politique 3 du CSE.
  • La suspension est considérée comme une interruption réglementaire telle que définie dans la Norme canadienne 23-101 sur les règles de négociation.