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Panel finds N S men guilty of bilking investors using foolish and extraordinary lies

Posted: Jun 03, 2021 6:00 AM AT | Last Updated: June 3 The long and complicated case cost investors hundreds of thousands of dollars.(David Donnelly/CBC) The Nova Scotia Securities Commission has found two men guilty of fraud and other infractions in a long and complicated case that cost investors hundreds of thousands of dollars. Douglas Rudolph and Peter Mill solicited investments from a variety of people they knew, making lavish promises about the returns on those investments and bizarre excuses when the promised money failed to materialize. In a decision released this week, the commission found Rudolph and Mill committed the frauds as individuals and as principals in two companies: CanGlobe International Capital and CFG-CN Ltd.

Securities Act Changes Will Strengthen Regulation and Protect Whistleblowers

Securities Act Changes Will Strengthen Regulation and Protect Whistleblowers Nova Scotia’s investors are gaining protection and benefits consistent with best practices across the country. Amendments introduced today, April 6, will ensure consistency with other provinces and improve enforcement of securities laws. “Industry and consumers benefit from effective and harmonized securities rules,” said Finance and Treasury Board Minister Labi Kousoulis. “These changes will help increase confidence on the part of investors and businesses who raise capital.” The Nova Scotia Securities Commission will have greater compliance and enforcement abilities with new provisions under the Nova Scotia Securities Act. New statutory offences will be created for obstructing or interfering with hearings, investigations or inspections, and for aiding, abetting or counselling a person or company to breach provincial securities laws.

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