The Ontario Securities Commission has imposed a temporary cease-trade order on Berkshire Capital Limited, GP Berkshire Capital Limited, Panama Opportunity Fund and Ernest Anderson.

The order was filed on Tuesday.

The OSC says the “Berkshire Entities” are not registered with the commission and neither a preliminary prospectus not a prospectus has been filed for the distribution of securities of the Panama Opportunity Fund.

Anderson, “the directing mind of the Berkshire Entities”, is not registered with the commission, the OSC says.

Tuesday’s order takes effect immediately and expires on the 15th day after its making unless extended by the commission.

IE