News Formal

Coinsquare executives resign in settlement with OSC over allegations of market manipulation

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

United States News News

United States United States Latest News,United States United States Headlines

To settle with Canada’s largest markets regulator, Coinsquare admitted to engaging in market manipulation by reporting inflated trading volumes of bitcoin

“Being an innovator in our capital markets is not a free pass to disregard Ontario securities law,” Jeff Kehoe, director of the enforcement branch at the OSC, said in a statement.

“These bans, together with other conditions, prohibit Diamond and Rostand from influencing the management of the Coinsquare platform for at least three years,” the OSC said in a statement late Tuesday after the settlement hearing. “These trades were created to inflate the trading volumes reported on the platform and had no economic substance,” according to the OSC.

Diamond and Rostand admitted that they “engaged in conduct that facilitated one or more of these breaches of Ontario securities law,” the OSC said in a statement late Tuesday.Article content continued

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The strong case for investing in big tech stocksAs expensive as they've become, they're still attractive compared to many other businesses, according to the head of portfolio strategy at CIBC World Markets
Source: globeandmail - 🏆 5. / 92 Read more »