virtual regulation / Erhui1979

Following a recent online investment seminar featuring famed whistleblower Edward Snowden, the Ontario Securities Commission (OSC) issued an investor alert about the event’s host, Sunil Tulsiani.

The OSC published a warning about the conduct of Tulsiani, who pled guilty to securities offences in 2017 and was permanently banned from trading securities in Ontario.

In a release, the OSC said it is “aware of events being hosted by Mr. Tulsiani’s Private Investment Club.”

Notably, on April 24, an online real estate investment seminar hosted by Tulsiani featured Snowden who famously exposed widespread global government surveillance programs in 2013.

Snowden, who’d been booked to speak at the event, questioned why he’d been hired and called out the host, Tulsiani, about his past run-ins with authorities, rather than delivering his planned speech.

In its alert, the OSC said, “Tulsiani remains subject to a permanent cease trade order, which permanently bans him from trading in securities (which includes soliciting investors to trade in securities), or serving as a director or officer of a company or investment firm.”

It also noted that he was first banned in 2012, and that in 2017 he “pled guilty to unregistered trading and breaching an OSC cease trade order in connection with an investment scheme involving the Private Investment Club, which targeted Ontario investors.”