OSC alleges Toronto-based Bridging Finance 'mismanaged' funds, breached 'numerous' laws

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

According to documents filed in court, the OSC \u0027uncovered evidence that BFI and certain members of its senior management team … appropriated amounts from the…

According to documents filed in court, enforcement staff of the Ontario Securities Commission “has uncovered evidence that BFI and certain members of its senior management team … appropriated amounts from the BFI Funds for personal gain … mismanaged the BFI Funds, including by failing to disclose material conflicts of interest … breached numerous securities laws and regulations, including by misleading Enforcement Staff.

She founded Bridging Finance, serves as executive chairman and is a minority shareholder. She was previously CEO and chief investment officer, according to the OSC.

 

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

Send them (policers) onto a cruise 🚢 China Sea travellers need to explore a bit more on dead corals and its formation of new “lands” ... freaking 5G climate crisis, hey 😉

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Bridging Finance took emergency cash infusion in 2020, did not tell investors upfrontBridging Finance kept investors in the dark about an emergency cash infusion and was given legal advice that the transaction did not require their consent Why wasn’t the regulator informed? If informed, why didn’t it require disclosure?
Source: globeandmail - 🏆 5. / 92 Read more »