Grant Thornton to administer distribution of frozen funds in Bossteam fraud case
$76,000 now available to investment scheme victims
Winston King-Loong Kuit has been ordered to disgorge $147,500 and pay $20,000 in costs for improperly distributing securities and providing misleading information to compliance
The schemes involved illegal distributions and multiple acts of fraud totalling close to $12 million as the sisters were personally enriched by more than $2 million
$120,000 now available to investment scheme victims
Richard Lian and Enna Keller raised US$3.2 million from investors by selling securities in a company subject to a cease-trade order
The measures will mean cost savings for dealers and relief for investors in the province
FS Financial Strategies Inc. and various affiliated firms have raised approximately $36 million from more that 300 investors without filing a prospectus
The regulator recovered the funds under a settlement agreement with Keith Henry Alexander, an investor in a Ponzi scheme who brought in other investors
The first phase of a three-part research project on the impact of CRM2 finds that many don’t know how advisors are paid or the types of fees they pay