Category: OSC

OSC halts trades of hedge fund after losses and a deathT
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November 4, 2023

The Mysterious Death Of A Hedge Fund Manager Sends His Company Into Receivership!

dge fund manager Chris Callahan, the founder of Traynor Ridge Capital, which has led the hedge fund into a state of disarray and now, receivership. The Ontario Securities Commission (OSC) has moved swiftly, placing the firm into the hands of a receiver, Ernst & Young, as disclosed during a session at the Ontario Superior Court of Justice in Toronto.
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OSC halts trades of hedge fund after losses and a deathO
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November 1, 2023

OSC halts Toronto Hedge Fund’s Trades And Launches Probe After Losses And The Founder’s Sudden Death!

The sudden passing of Christopher Callahan, founder of Toronto's Traynor Ridge Capital Inc., has triggered an in-depth review of the hedge fund's considerable recent losses. The Ontario Securities Commission (OSC) suspended all trades by Traynor Ridge pending a thorough investigation. The fund's trading missteps earlier in the month resulted in substantial losses, approximated between C$85 million to C$95 million, as detailed in an OSC report dated Oct. 30.
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crypto exchange ByBit suspends US dollar depositsD
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May 2, 2023

Despite Regulatory Issues: Crypto Exchange ByBit With Rising Number Of Russian Website Visitors!

Founded in 2018 in the British Virgin Islands, crypto exchange ByBit is currently operated through Singapore-registered ByBit Fintech Limited. In the UK, ByBit has cashed in on an FCA warning and withdrawn from the UK. German regulator BaFin announced an investigation into ByBit in July 2021. In 2023, Japan's regulator FSA warned against the crypto exchange. Despite Western sanctions, Similarweb analysis shows that most website visitors come from Russia.
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Regulators OSC and CNMV warn against KuCoinA
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September 6, 2022

Attention! Regulatory Warnings Against Crypto Exchange KuCoin

Established in 2017, KuCoin is one of the largest crypto exchanges worldwide, with more than 11 million customers. MEK Global Limited, registered in Seychelles, and PhoenixFin Pte. Ltd in Singapore are the operating entities. In early August 2022, Canada's Ontario Securities Exchange (OSC) warned against KuCoin for unauthorized securities trading based on a report of the Capital Markets Tribunal in Toronto. On September 5, 2022, the Spanish CNMV issued a warning against the crypto exchange.
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OSC orders Cartu Brothers to pay millions in fines and disgorgementB
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July 28, 2022

Breaking News – OSC Orders Cartu Brothers To Pay Millions In Fines And Disgorgement!

The dual Canadian-Israeli Cartu Brothers - David Cartu, Joshua Cartu, and Jonathan Cartu - have been notorious for their fraudulent binary options schemes around the Irish GreyMountain Management Ltd (GMM) and other entities across different jurisdictions. In Sept 2020, the U.S. CFTC filed a fraud complaint; the Canadian OSC has accused them of illegal and fraudulent brokerage. In May 2021, OSC settled with David Cartu, who agreed to a seven-year ban and a CAD 300,000 penalty. Now, Ontario's Capital Markets Tribunal ordered Jonathan Cartu and Joshua Cartu to pay CAD 3.3 million.
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The Israeli Snitching Game around Gery ShalonF
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May 13, 2022

Former Canadian Star Money Manager David Singh Sentenced To 3.5-Years Prison Term!

In the 1990s, Fortune Financial Management Corp managed more than $7-billion in client assets and was once one of Canada’s largest financial planning companies. Its founder, David Singh, a money manager and personal finance author, has been sentenced to a 3.5-year prison term. Additionally, he was ordered to pay more than $4.8 Mio in restitution payments. Ontario Justice Mara Greene found that Singh had defrauded dozens of investors who were told their money would be used to fund residential mortgages. Singh sold Fortune to Dundee Wealth Management in 1999.
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Canadian governments go after cryptoG
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February 22, 2022

Governments are coming! Do not hold your crypto funds on online exchanges!

Most recently, we have seen in Canada, which is a liberal country, how quickly governments can access bank accounts and crypto wallets and freeze the funds on them without the intervention of the courts. The government of Justin Trudeau has shown how critical decentralized cryptocurrencies without government control are. Therefore, do not hold your money in custodial wallets on online exchanges but on non-custodial wallets.
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Moneta Markets offers illegal broker services in Europe and North AmericaA
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October 31, 2021

Attention! Offshore broker Moneta Markets attacks European consumers with illegal offerings!

Moneta Markets is one of the numerous brokerage and trading brands of the Vantage Group. The website claims that Moneta Markets is operated by the offshore entity Vantage Global Limited in Vanuatu, which works with a financial dealer license from the VFSC. However, an offshore license like this does not entitle the licensee to engage in regulatory regimes in North America or Europe. Most recently, Vantage Group entered into a settlement with the Canadian regulator OSC because of their illegal offshore approach, and they continue to move on. Here is the review!
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CFTC fraud complaint against David CartuW
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October 21, 2021

Whistleblower campaign – U.S. and Canada authorities search for Cartu Brothers!

The Israeli-Canadian Cartu Brothers - David Cartu, Joshua Cartu, and Jonathan Cartu - are notorious binary options scammers and are in big trouble with regulators and law enforcement agencies in the U.S. and Canada. In Toronto, the Ontario Securities Commission (OSC) has brought a fraud complaint against the brothers. The U.S.CFCT has also sued the brothers for alleged binary options fraud in Texas. David Cartu is also notorious for his proximity to Wirecard. Insiders claim he was a major Wirecard shareholder.
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Bit-Market Crypvest and Cryptec scams vanishedB
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October 2, 2021

Broker scams Bit-Market et al. vanished!

The broker scam Bit-Market is offline. At least for the moment! Anyone trying to access the website directly by keying in the domain receives the Cloudflare error message 1016. The UK Financial Conduct Authority and the British Columbia Securities Commission issued warnings against the scam in March and April 2021, respectively. The operators are said to be the two offshore entities, Strong Momentum LLC and Geronimo Tech Ltd. The latter is also connected with the Cryptvest and Cryptec scams.
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CFTC Compliant against Cartu Brothers and GreyMountain Management binary options schemeR
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May 28, 2021

Really? Canadian OSC and its dirty settlement with former Wirecard partner GMM

The Canadian-Israeli Cartu Brothers were the operators of a $165M binary options fraud scheme, according to the U.S. Commodity Futures Trading Commission (CFTC). As a result, the U.S. regulator filed a fraud complaint against David Cartu, Joshua Cartu, Jonathan Cartu, and Nati Peretz, and Leeav Peretz. The Canadian regulator OSC has also taken action against the Cartu brothers for binary options fraud. But now, the Cartu Brothers can buy their way out of the OSC fraud charges for just CAD 300,000. A bargain the brothers will probably laugh about for a long time.
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Joshua Cartu and his life on InstagramA
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May 13, 2021

Alleged binary options scammer Joshua Cartu sends greetings from Moscow

At the last Ontario Securities Commission (OSC) hearing in the fraud charges against David Cartu, Jonathan Cartu, and Joshua Cartu on March 25, 2021, Joshua Cartu did not appear. Nor has he sent a representative, although properly served. Not only the Canadian OSC but also the U.S. CFTC is looking for the Cartu Brothers. The U.S. regulator has brought a fraud complaint against the Cartu Brothers for operating illegal binary options platforms that received more than $165 million from investors. While the CFTC and OSC are looking for him, Joshua Cartu posts greetings from Moscow on Instagram.
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