Cathie Wood-Linked Canadian Fund Manager Emerge Canada Accused Of Misappropriating $6 Million From Investors By Ontario Regulator

Cathie Wood-Linked Canadian Fund Manager Emerge Canada Accused Of Misappropriating $6 Million From Investors By Ontario Regulator

The Ontario Securities Commission has filed allegations against former investment fund manager Emerge Canada Inc. for violating securities laws by misappropriating an estimated $6 million from investor funds. What Happened: The OSC alleges Emerge, which sold Toronto-listed versions of Cathie Wood‘s ARK exchange-traded funds, engaged in self-dealing by taking investor money through prohibited loans over four years to sustain its struggling busine…

Cathie Wood-linked ETF firm, Emerge Canada, allegedly violated securities law

An investment firm known for selling Toronto-listed versions of Cathie Wood’s popular exchange-traded funds has allegedly violated securities laws.

Cathie Wood-Linked ETF Firm, Emerge Canada, Allegedly Violated Securities Law

Emerge Canada Inc., an investment firm known for selling Toronto-listed versions of Cathie Wood’s popular exchange-traded funds, has allegedly violated securities laws, according to Ontario’s securities regulator.

OSC alleges Emerge Canada, senior executives improperly borrowed $6-million of investor funds from ETFs they managed

The securities regulator launched a case against the fund manager on Monday, after investors were first alerted of trouble in 2023 when the OSC issued a trading halt on the company’s 11 ETFs

Emerge Canada: Cathie Wood-Linked ETF Firm Accused of Diverting Investor Funds

Cathie Wood’s Toronto-listed partner, Emerge Canada, is facing serious allegations from the Ontario Securities Commission, which claims the investment manager violated securities laws by diverting investor funds to prop up its own businesses. The OSC says these transactions amounted to self-dealing loans of approximately C$6 million over nearly four years. Regulators contend that these actions left investors exposed when Emerge encountered finan…

According to the Ontario Securities Commission, Emerge had improperly borrowed C$6 million from investors.