Hearing to consider allegations of unregistered selling of securities by Ontario-based Powerwater and its CEO
The firm raised $90 million from investors between 2005 and 2011
Enrico Bruni fined $18,000 for illegal sale of investment vehicles related to Norshield Group
AMF investigation finds investors not qualified for prospectus exemptions
Pair ordered to cease trading for 15 years, disgorge US$1 million
Convicted fraudster ordered to pay $1 million penalty
The OSC says the charge relates to David Borg’s alleged role in selling shares of Enriching Pictures
Majestic, Suncastle fined, permanently banned
April Vuong and Hao also face criminal charges
Court rejects argument that the transactions in question were actually loans, not a scheme to sell securities