State regulators oppose proposals to expand private markets, erode investor protections
FINTRAC says platforms must register, comply with anti-money laundering regulations
Platform charged along with scheme's alleged perpetrators
New rules increase maximum limits for issuers and investors
The order was issued in response to the effects of Covid-19 on small businesses
Regulators propose harmonizing a little-used regime for start-ups
Investors will be limited to risking 10% of investable assets, unless they receive regulated financial advice
Securities regulators are developing a new, national exemption that would mimic an exemption introduced by several provinces
Although retail investors account for a tiny share of the capital raised, they represent 77% of the number of investors in the exempt market
Changes will enhance capital raising opportunities for businesses in both provinces