OSC

Ontario Securities Commission seeks applications for the Securities Proceedings Advisory Committee

Retrieved on: 
Wednesday, October 18, 2023
SPAC, Policy, Law, Committee, Ontario Securities Commission, Person, Corporation, Tribunal, Private sector, OSC, Law society, Property management

The SPAC advises the Governance & Tribunal Secretariat on a variety of policy and procedural initiatives relating to the Capital Markets Tribunal.

Key Points: 
  • The SPAC advises the Governance & Tribunal Secretariat on a variety of policy and procedural initiatives relating to the Capital Markets Tribunal.
  • The Committee typically meets twice a year and on an as-needed basis and may also be required to provide written feedback on initiatives.
  • The SPAC consists of staff of the Ontario Securities Commission and members from the private sector.
  • Applicants must be currently practising or have practised in securities litigation within the last three years, be in good standing with the Law Society of Ontario, have an excellent knowledge of Ontario securities law, and a strong interest in the development of tribunal policy and procedure.

Intellabridge Technology Provides Company Update, Announces Filing of Corrective Disclosure Pursuant to OSC Review and Postponement of Annual General Meeting

Retrieved on: 
Wednesday, October 4, 2023
Partnership, Ontario Securities Commission, Aptos, California, CPAB, Bank statement, Notice, CSE, AGM, FSE, Zoom, KASH, OSC, Organic, Cryptocurrency, Audit

Intellabridge uses Apto's advanced issuance solution and payment processing system to offer best-in-class security features, and seamless payment integrations.

Key Points: 
  • Intellabridge uses Apto's advanced issuance solution and payment processing system to offer best-in-class security features, and seamless payment integrations.
  • "We believe that our combined strengths will provide customers with an unmatched cashback and donation solution that is easy to use and rewarding," said John Eagleton, Intellabridge CEO.
  • The Company also announces that Intellabridge's audited annual financial statements for the year ended December 31, 2021 were selected by the Canada Public Accountability Board ("CPAB") for an inspection.
  • Each of the Restated Annual Financial Reports replace and supersede the respective previously filed original financial statements and corresponding management's discussion and analysis.

OSC releases report on artificial intelligence in Ontario's capital markets

Retrieved on: 
Tuesday, October 10, 2023
Knowledge, Ontario Securities Commission, Risk, System, Artificial intelligence, Person, OSC, Research, Medical device, AI

TORONTO, Oct. 10, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published a report exploring the use of artificial intelligence (AI) in Ontario's capital markets.

Key Points: 
  • TORONTO, Oct. 10, 2023 /CNW/ - The Ontario Securities Commission (OSC) today published a report exploring the use of artificial intelligence (AI) in Ontario's capital markets.
  • The report highlights current AI use cases, benefits and challenges, and aims to raise awareness of both the opportunities and risks associated with the use of AI in capital markets.
  • We undertook this research to better understand how AI is being developed, tested and used by capital market participants in Ontario," said Grant Vingoe, CEO of the OSC.
  • 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.

Capital Markets Tribunal announces appointment of two new Adjudicators

Retrieved on: 
Wednesday, October 4, 2023
Commissioner, Royal Bank of Canada, Price, Ontario Securities Commission, Gowlings, Bank of Montreal, Policy, Dean, York University, Supreme, Adjudicator, Royal Bank, Regulation, Advisory Council, Tribunal, Supreme court, CPA, Bank, Advocate, Osgoode Hall Law School, OSC, Dean (education), PwC, Property management

TORONTO, Oct. 4, 2023 /CNW/ - The Capital Markets Tribunal is today announcing the appointment of two new Adjudicators.

Key Points: 
  • TORONTO, Oct. 4, 2023 /CNW/ - The Capital Markets Tribunal is today announcing the appointment of two new Adjudicators.
  • Mary Condon is a Professor of Law at Osgoode Hall Law School, York University, where she teaches Securities Regulation and Advanced Securities Law.
  • Most recently, she served as Dean of Osgoode Hall Law School from 2019 to 2023.
  • Jane is a member of the Financial Services Tribunal and was a hearing committee member at the Canadian Investment Regulatory Organization/IIROC.

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.

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 .

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 .

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.

Ontario Securities Commission Opens the Market

Retrieved on: 
Wednesday, September 6, 2023
Retail, Policy, TSX, Toronto Stock Exchange, Regulatory affairs, Research, Ombudsman for Banking Services and Investments, Education, Ontario Securities Commission, Multimedia, Ombudsman, OSC, Online shopping, Investment

TORONTO, Sept. 6, 2023 /PRNewswire/ - Tyler Fleming, Director, Investor Office, Ontario Securities Commission ("OSC") and his team joined Rajeeve Thakur, Vice President, Regulatory Affairs, Toronto Stock Exchange ("TSX") to celebrate 'back to school' season for investors and highlight the importance of financial education, and to open the market.

Key Points: 
  • TORONTO, Sept. 6, 2023 /PRNewswire/ - Tyler Fleming, Director, Investor Office, Ontario Securities Commission ("OSC") and his team joined Rajeeve Thakur, Vice President, Regulatory Affairs, Toronto Stock Exchange ("TSX") to celebrate 'back to school' season for investors and highlight the importance of financial education, and to open the market.
  • The Investor Office sets the strategic direction and leads the OSC's efforts in investor engagement, education, outreach and research.
  • Its investor website GetSmarterAboutMoney.ca is Canada's most visited financial education website, used by millions of people each year.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/ontario-securities-commission-o...

OSC issues temporary cease trade order against myforexfunds.com

Retrieved on: 
Friday, September 1, 2023
CFTC, Ontario Securities Commission, Person, Commodity Futures Trading Commission, Complaint, District court, Fraud, Contract management, OSC, Private investigator, Kazmi

TORONTO, Sept. 1, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi.

Key Points: 
  • TORONTO, Sept. 1, 2023 /CNW/ - The Ontario Securities Commission (OSC) today issued a temporary cease trade order against Traders Global Group Inc., doing business as myforexfunds.com, and its principal, Muhammad Murtuza Kazmi.
  • The OSC is investigating possible breaches of securities law by Traders Global Group Inc., an Ontario corporation, and Kazmi, an Ontario resident.
  • Traders Group Global Inc. and Kazmi are not registered with the OSC in any capacity.
  • The temporary cease trade order issued today prohibits further trading in securities by Traders Global Group Inc. and Kazmi.