The decision brings regulatory proceedings that began against the former theatre impresario and a couple of his associates in 2001 to a close
The receiver is accepting claims from investors until Aug. 4, BCSC says
The firm as hired RBC Capital Markets and BMO Capital Markets to advise on further financing and strategic options
The company has faced accelerated withdrawals by depositors since the announcement of various senior management changes, and allegations of disclosure violations from the OSC
The OSC has alleged the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications
The company’s CFO will be assigned new responsibilities after first-quarter results are filed next month
Management will remain focused on growth while defending the firm from the OSC's allegations, says the company’s chairman in an open letter
The helpline has also led to almost 650 issues being referred to other regulators, the U.S. SRO reports
The regulator alleges that the firm misled shareholders about the causes of the decline in mortgage originations, which were related to fraud among certain mortgage brokers
Virginia Tan admitted that she fraudulently raised at least $30 million from investors