The firm was fined US$950K for failing to comply with auditor independence rules
The OSC will hold hearings on Aug. 30
The Martin Act's statute of limitations has been extended to six years
The registrations for Wells Asset Management System were terminated
The change is intended to make the organization's rules easier to understand
Agency was accused of failing to disclose that it was paid by issuers to rate ICOs
The regulator has charged 13 firms for abusive ADR practices, generating settlements of more than $427 million
The firm had been in early warning over its capital position since June
The firm settled the case without admitting or denying the allegations
Allegations include defrauding investors and manipulating token prices