OSC

OSC announces new members of its Investor Advisory Panel

Retrieved on: 
Tuesday, December 5, 2023
Research, Investment, LLP, CFA, Ontario Securities Commission, Amy Siskind, Person, OSC, IAP, Knowledge, Human, Financial adviser, Security (finance)

TORONTO, Dec. 5, 2023 /CNW/ - The Ontario Securities Commission (OSC) today announced two new members of its independent Investor Advisory Panel (IAP) following a public application process.

Key Points: 
  • TORONTO, Dec. 5, 2023 /CNW/ - The Ontario Securities Commission (OSC) today announced two new members of its independent Investor Advisory Panel (IAP) following a public application process.
  • The new IAP members are:
    Daniel Bach: Mr. Bach is a partner at Siskinds LLP, with extensive experience in investor recovery and dispute resolution on behalf of plaintiffs.
  • Full biographical information on all IAP members, along with details on meetings, submissions and other activity, is available in the Investor Advisory Panel section of the OSC website .
  • 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 .

OSC Survey Follows up on Canadians' Crypto Asset Knowledge

Retrieved on: 
Wednesday, November 29, 2023
OSC, Investment, Risk, Ontario Securities Commission, Administrator, National Registration Act 1939, Person, Cryptocurrency

TORONTO, Nov. 29, 2023 /CNW/ - The Ontario Securities Commission (OSC) today released the results of a follow up survey that looked at investor knowledge and views on crypto assets.

Key Points: 
  • TORONTO, Nov. 29, 2023 /CNW/ - The Ontario Securities Commission (OSC) today released the results of a follow up survey that looked at investor knowledge and views on crypto assets.
  • The 2023 survey found that Canadians' crypto ownership has dropped 23% in the past year and interest in crypto is declining.
  • "Like crypto itself, a lot has changed in the past year regarding Canadians' attitudes and intentions regarding crypto assets," said Tyler Fleming, Director of the Investor Office at the OSC.
  • The OSC has a regularly updated list of crypto asset trading platforms registered in Ontario.

OSC investor warnings and alerts for November 7-28, 2023

Retrieved on: 
Tuesday, November 28, 2023
OSC, Ontario Securities Commission, Private investigator

TORONTO, Nov. 28, 2023 /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:

Key Points: 

TORONTO, Nov. 28, 2023 /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:

Incheon National University Researchers Push the Limits of Gas Sensing Technology

Retrieved on: 
Friday, November 10, 2023
NO2, Absorption, Jeonbuk National University, Air pollution, Risk, Nitrogen dioxide, Chemical engineering, Zwitterion, Health, Chemical substance, Semiconductor, Food safety, OSC, Bronchitis, Asthma, Incheon National University, Ligand, Electronics

GWANGJU, South Korea, Nov. 10, 2023 /PRNewswire/ -- The world has become increasingly industrialized over the past few centuries, bringing all sorts of technology and conveniences to the masses. However, workers in industrial environments are often at the risk of exposure to many dangerous gases, such as nitrogen dioxide (NO2). Inhaling this gas can lead to serious respiratory diseases like asthma and bronchitis, and severely compromise the health of industrial workers. Constant monitoring of NO2 levels is thus needed to ensure a safe workplace.

Key Points: 
  • To help with this, many types of selective gas sensors have been developed using different organic and inorganic materials.
  • Some of them, such as gas chromatography sensors or electrochemical gas sensors, are highly sophisticated, yet expensive and bulky.
  • It was carried out in collaboration with researchers from Jeonbuk National University, including Professor Min Kim.
  • They incorporated a CsPbBr3 perovskite into a conductive polymer matrix to enhance its gas sensing performance while maintaining sensing speed.

FAIR Canada Welcomes Ontario Government Proposals Aimed at Better Protecting Investors

Retrieved on: 
Friday, November 3, 2023
OSC, Government, Ombudsman, Retail, Medieval Faire (Canada's Wonderland), Ombudsman for Banking Services and Investments, Financial adviser, Investment

“We specifically welcome the proposed enhancements to improve investor confidence and enhance investor protections,” said Jean-Paul Bureaud, Executive Director of FAIR Canada.

Key Points: 
  • “We specifically welcome the proposed enhancements to improve investor confidence and enhance investor protections,” said Jean-Paul Bureaud, Executive Director of FAIR Canada.
  • “Both are critical to promoting vibrant capital markets that can sustain economic growth and development.”
    In particular, FAIR Canada welcomes the government’s plan to introduce a statutory process for distributing disgorged funds to harmed investors.
  • FAIR Canada has long advocated that investment dealers be bound by recommendations made by the Ombudsman for Banking Services and Investments (OBSI) following a fair and impartial process.
  • “These proposals are a step towards promoting better outcomes for Ontario investors,” said Bureaud.

Court appoints receiver to manage affairs of Traynor Ridge Capital Inc.

Retrieved on: 
Friday, November 3, 2023
Ontario Superior Court of Justice, OSC, Justice, W.F. Young, Inc., Ontario Securities Commission, Person, Security (finance), Cryptocurrency, Traynor

TORONTO, Nov. 3, 2023 /CNW/ - The Ontario Superior Court of Justice made an order today appointing Ernst & Young Inc. as receiver and manager over the affairs of Traynor Ridge Capital Inc. ("Traynor Ridge Capital") and the funds it manages.

Key Points: 
  • TORONTO, Nov. 3, 2023 /CNW/ - The Ontario Superior Court of Justice made an order today appointing Ernst & Young Inc. as receiver and manager over the affairs of Traynor Ridge Capital Inc. ("Traynor Ridge Capital") and the funds it manages.
  • On October 30, 2023, the OSC issued a temporary order against Traynor Ridge Capital that imposes terms and conditions on its registration and prohibits all trading in any securities by or of the firm and in three of the funds it manages.
  • Clients of Traynor Ridge Capital with questions about the receivership will be able to visit www.ey.com/ca/traynorridge for additional information once the website is established.
  • The OSC acknowledges the assistance and support of the Canadian Investment Regulatory Organization in this matter.

OSC seeks approval of settlement with RBC for alleged books and records failures

Retrieved on: 
Thursday, November 2, 2023
Bank statement, OSC, Ontario Securities Commission, Person, RBC, Royal Bank of Canada, Software, Book, Record, Cryptocurrency

"The books and records requirements are a critical component of our compliance and enforcement work, and longstanding failures such as these undermine investor confidence in Ontario's capital markets."

Key Points: 
  • "The books and records requirements are a critical component of our compliance and enforcement work, and longstanding failures such as these undermine investor confidence in Ontario's capital markets."
  • The OSC alleges that, from 2008 through 2020, RBC's books and records and internal accounting controls and processes were deficient.
  • It is alleged that RBC incorrectly recorded certain costs related to internally developed software projects as intangible assets when they should have been expensed.
  • The OSC does not allege, and has found no evidence of, dishonest or abusive conduct by RBC.

OSC launches Investing Academy during Financial Literacy Month

Retrieved on: 
Tuesday, October 31, 2023
Knowledge, Accessibility for Ontarians with Disabilities Act, 2005, Ontario Securities Commission, Main Street, Ontario Provincial Police, Person, Fraud, Law enforcement, Artificial intelligence, OSC, Community, Future, Bay Street, Financial Literacy Month, Cryptocurrency, Private investigator

Investing Academy by GetSmarterAboutMoney.ca has free courses designed to help people take action in ensuring a safe and secure financial future.

Key Points: 
  • Investing Academy by GetSmarterAboutMoney.ca has free courses designed to help people take action in ensuring a safe and secure financial future.
  • "We're pleased to introduce our suite of investor education courses during Financial Literacy Month," said Tyler Fleming, Director of the Investor Office at the OSC.
  • "Investing Academy is an important pilot education initiative that encourages people to gain knowledge and put it into action, on top of many other planned activities and resources for Financial Literacy Month."
  • Managing your money in a changing world is the theme of this year's Financial Literacy Month.

OSC issues temporary cease trade order against Traynor Ridge Capital, imposes terms and conditions on registration

Retrieved on: 
Monday, October 30, 2023
OSC, Ontario Securities Commission, Person, Security (finance)

TORONTO, Oct. 30, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary order against Traynor Ridge Capital Inc., an Ontario registrant that manages three prospectus-exempt funds (the TR1 Funds).

Key Points: 
  • TORONTO, Oct. 30, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary order against Traynor Ridge Capital Inc., an Ontario registrant that manages three prospectus-exempt funds (the TR1 Funds).
  • The OSC is investigating the financial condition of the firm and the events surrounding a series of failed trades.
  • The temporary order issued today imposes terms and conditions on Traynor Ridge Capital's registration as an exempt market dealer, portfolio manager and investment fund manager.
  • The order also prohibits all trading in any securities by or of the firm and in the securities of the TR1 Funds.

OSC Insurance Services Named "Data & Analytics Innovator of the Year" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Retrieved on: 
Wednesday, October 25, 2023
Technology, Insurance, Fintech, Professional Services, Software, Networks, Internet, Data Analytics, Data Management, OSC, P&C, Crime, MGA, Excellence, Organization, Partnership, Geographic data and information, Insurance Services Office

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that OSC Insurance Services was named "Data & Analytics Innovator of the Year" at Excellence in Insurance.

Key Points: 
  • Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that OSC Insurance Services was named "Data & Analytics Innovator of the Year" at Excellence in Insurance.
  • It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in data and analytics.
  • OSC is a leading provider of compliance tracking technology and insurance products and services for lenders, mortgage servicers, and property investors.
  • Upon realizing they lacked comprehensive data on insured properties, OSC turned to Insurity to efficiently incorporate geographical risk assessments into their system.