The cease-trade order on all 11 ETFs from Emerge Canada Inc. represented the first time such an order had been placed on a family of ETFs in Canada. We examine the circumstances surrounding this troubled firm.
April 26, 2024
The cease-trade order on all 11 ETFs from Emerge Canada Inc. represented the first time such an order had been placed on a family of ETFs in Canada. We examine the circumstances surrounding this troubled firm.
April 26, 2024Fund manager has no assets or insurance, lawyer says
The regulator's investigation into Emerge Canada is ongoing
A year after an unprecedented cease-trade order, unitholders are still waiting for answers
There are practical steps to take following the Emerge Canada saga
Unitholders should be cautious when calculating their capital gains or losses
Investors in five Emerge ARK ETFs have not received payments for receivables outstanding
Emerge ARK funds are still owed $4.7 million by manager
Employees also allege unpaid wages
Emerge still has not repaid the receivable it owes its ARK ETFs
The order has prevented investors from cashing out after recent gains for Emerge's six ARK ETFs
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