OSC alleges fraud at Toronto fund manager
James Langton Back in June, the Ontario Securities Commission (OSC) sought to put small fund manager and exempt market dealer Stableview Asset Management Inc. into receivership, citing investor protection concerns. Now the regulator is alleging fraud. The OSC will hear allegations on Jan. 13 against Stableview and the firm’s sole director and officer, Colin Fisher. The regulator alleges Fisher and the firm violated securities rules by ignoring the risk limits on clients’ discretionary accounts to finance a failing micro-cap company, Clarocity Corp. “In order to prop up this penny stock ...
Source: advisor.ca
