Aggregated News From Investment Management Regulators

MSC CA

Notice of Adjournment: SIGMAR MORTGAGE SERVICES LTD. and THOMAS HAROLD STANDING

The Manitoba Securities Commission has adjourned the hearing date set for May 11, 2021 to June 7, 2021, commencing at 1:30 p.m. A copy of the Notice of Adjournment is available at here. Chris Besko Secretary to the Commission This news item was originally published by the Manitoba Securities Commission (MSC CA). For more information, please see the Source Link.

IN THE MATTER OF: THE MORTGAGE BROKERS ACT OF SIGMAR MORTGAGE SERVICES LTD. And THOMAS HAROLD STANDING

The Manitoba Securities Commission issued a Notice of Hearing and a Statement of Allegations in the above-named matter, dated March 23, 2021. In part, the Notice of Hearing is to review the suspensions of the registration of Sigmar Mortgage Services Ltd. and Thomas Harold Standing by the Commission on March 5, 2021. On April 29, 2021, the Commission made an order lifting the suspension on Sigmar Mortgage Services Ltd. and imposing terms and conditions on the registration limiting the broker’s activities, which are now being conducted under the direction of a third-party custodian, Sun Mortgage Corporation. The next scheduled hearing date...

Local Experts Offer Advice to Protect Your Family from Fraud

The Manitoba Financial Services Agency (MFSA) and the Winnipeg Police Service’s Financial Crime Unit are partnering once again for Fraud Prevention Month, making time to talk with Manitobans about scammers, swindlers, and con artists. With social distancing in mind, this year’s fraud awareness work is going online. “Protect Your Family from Fraud” is a Facebook Live event launching Thursday, March 18, at 12 p.m. The free event, hosted by MoneySmart Manitoba (an MFSA initiative), will focus on tips and strategies for fraud recognition and prevention. MFSA senior investigator Jason Roy together with WPS Detective Mike Streilein will deliver a special presentation on...

IN THE MATTER OF: Cornelius “Neil” Friesen and Agatha Friesen

IN THE MATTER OF: THE SECURITIES ACT -and- IN THE MATTER OF:  NEIL FRIESEN ALSO KNOWN AS CORNELIUS FRIESEN, AGATHA FRIESEN, AND 5205557 MANITOBA INC. The Manitoba Securities Commission issued its Reasons for Decisions today in the above named matter, which was heard on February 18, 2021 A copy of the Reasons for Decision is available at mbsecurities.ca Chris Besko Secretary to the Commission This news item was originally published by the Manitoba Securities Commission (MSC CA). For more information, please see the Source Link.

In the Matter of – The Securities Act & Cornelius “Neil” Friesen and Agatha Friesen

The Manitoba Securities Commission has issued an order approving the Settlement Agreement reached between Staff of the Commission and Cornelius Friesen and Agatha Friesen in the above-named matter, which was heard on Feb. 16, 2021. A copy of the order dated Feb. 18, 2021, and Settlement Agreement, dated Feb. 16, 2021, are available at: LINK: https://docs.mbsecurities.ca/msc/hp/en/item/493157/index.do LINK: https://docs.mbsecurities.ca/msc/hp/en/item/493158/index.do Chris Besko Secretary to the Commission This news item was originally published by the Manitoba Securities Commission (MSC CA). For more information, please see the Source Link.

Canadian securities regulators respond to the Modernization Taskforce Final Report and encourage a harmonized regulatory system that protects investors and reduces unnecessary burden 

Ontario is urged to adopt the passport rule to introduce speed and eliminate additional costs The securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Manitoba, Québec, Nova Scotia, Prince Edward Island, New Brunswick, Newfoundland and Labrador, Nunavut, Northwest Territories and Yukon (CSA members), today published  a response to the Ontario Capital Markets Modernization Taskforce (“Taskforce”) Final Report (“Report”) issued January 22, 2021. CSA members commend the expeditious work completed by the Taskforce which is very useful to bolster our collective reflection on how to advance the Canadian securities regulatory regime. The response outlines the CSA’s perspective on how the Government of...

MSC Seeking Manitoba Investors to Receive Forfeited Funds

The Manitoba Securities Commission (MSC) is issuing an appeal to locate Manitoban investors harmed by an investment fraud in Ontario that took place between August 2007 and May 2008. Via Ontario’s Civil Forfeiture Program (CFP), harmed investors are entitled to a portion of approximately $350,000 forfeited from the result of the fraud. Ontario’s Ministry of the Attorney General has made efforts to contact all aggrieved parties, but has been unable to locate one or more Manitobans entitled to compensation. Please refer to the notice below for more information:  MINISTRY OF THE ATTORNEY GENERAL Civil Forfeiture Program (CFP) Statutory Notice 656-21 made under Ontario Regulation 498/06 ATTORNEY...

IN THE MATTER OF: JOSE ANTONIO PEREIRA AND REAL ESTATE BROKERS ACT

The Manitoba Securities Commission today issued an order in the above named matter which was heard on Dec. 16, 2020. A copy of the order is available here. Chris Besko Secretary to the Commission For Investor Inquiries: 204-945-2548 1-800-655-5244 (Manitoba only) This news item was originally published by the Manitoba Securities Commission (MSC CA). For more information, please see the Source Link.

IN THE MATTER OF: JOSE ANTONIO PEREIRA AND THE REAL ESTATE BROKERS ACT

The Manitoba Securities Commission issued its Reasons for Decisions today in the above-named matter, which was heard on Dec.16, 2020. A copy of the Reasons for Decision, issued Jan. 19, 2021, is available at mbsecurities.ca. Chris Besko Secretary to the Commission This news item was originally published by the Manitoba Securities Commission (MSC CA). For more information, please see the Source Link.

IN THE MATTER OF:THE REAL ESTATE BROKERS ACT & IN THE MATTER OF: SARAH PAO

The Manitoba Securities Commission today issued an order approving the Settlement Agreement reached between Staff of the Commission and Sarah Pao in the above named matter, which was heard on Tuesday, Nov. 17, 2020. A copy of the Settlement Agreement, dated Oct. 29, 2020, is available here. Chris Besko Secretary to the Commission Source link

Canadian Securities Administrators 2020 Investor Index: The Manitoba Numbers; Manitobans listening to advisors, but still falling for frauds

Released as part of Financial Literacy Month, a new survey conducted for the Canadian Securities Administrators (CSA) and the Manitoba Securities Commission (MSC) shows Manitobans investors are more likely to work with a financial adviser than any other  Canadians. Conversely, Manitobans are still highly susceptible to investment fraud, and are not practicing due diligence when it comes to the professionals they trust. The 2020 CSA Investor Index and the Manitoba Custom Report look at investor behaviour, measuring financial knowledge, how people are saving money, how people are getting investment information, the pervasiveness of fraud, and more. “These reports provide us, and our...

MFSA operations during COVID-19

The Government of Manitoba has announced, for the second time this year, an order requiring the mandatory closure of all non-essential workplaces effective Thursday, November 12. Under the order, workplaces engaged in capital markets, real estate services, insurance and financial service activities are considered to provide essential services and can remain open. MFSA staff continue to operate at the level necessary to deliver crucial services to stakeholders and to protect the Manitoba public. The Agency continues to take all necessary precautions to protect the health and safety of its employees and the public as we respond to the challenges of COVID and the recent surge in...

Regulator Information

Abbreviation: MSC
Jurisdiction: Canada

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