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Emerge Canada suspended and ordered to wind down its operations

Photo: Getty Images

Thomas Hyrkiel

1 min read
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The firm claimed to be Canada’s first and only majority woman-owned investment fund firm.

The Ontario Securities Commission (OSC) has issued a cease trade order (CTO) against Emerge Canada for breaching minimum capital requirements.

At the heart of the matter was approximately $3.4m owed to Emerge Canada by Emerge US, a related party, treated as an asset by Emerge Canada for the purpose of

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