The order has prevented investors from cashing out after recent gains for Emerge's six ARK ETFs
Regulators allege the scheme took over US$300 million from investors
As data transfer lags, launch date is pushed back
The Ontario Securities Commission says Emerge Canada has likely had insufficient working capital since September 2022
Opinion: The cease-trade order on Emerge ETFs provides a cautionary tale for investors and advisors
Most of the funds are underperforming their category peers
OSC sought to extend order until enforcement proceedings complete
Assets in Emerge ETFs are held in trust and still “have value” during cease-trade order, firm says
The fund company's auditor resigned in November
A hearing panel ordered a fine, costs and a market ban, but not disgorgement