Reported about 4 hours ago
Emerge Canada Inc., an investment firm associated with Cathie Wood’s ETFs, is accused by the Ontario Securities Commission of violating securities laws by misappropriating investor funds for personal loans and failing to maintain necessary financial safeguards. The company is now banned from operating as an investment fund and has been ordered to wind down, leaving investors in its funds as unsecured creditors without repayment. The OSC is also taking enforcement action against members of the independent review committee overseeing Emerge’s ETFs.
Source: YAHOO