Ontario’s securities watchdog has ruled that Toronto-based fund manager Emerge Canada Inc. and two executives, including founder Lisa Langley, had breached their responsibilities to investors when they improperly borrowed almost $6-million of investor money to cover operating expenses.
Emerge Canada, senior executives improperly borrowed millions from ETFs, securities watchdog rules
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The Globe and Mail - BusinessBy Clare O’Hara
EXECUTIVE SUMMARY
Most of the money has not been repaid and investors remain unsecured creditors
Key Takeaways
- Emerge Canada, senior executives improperly borrowed millions from ETFs, securities watchdog rules.
- Most of the money has not been repaid and investors remain unsecured creditors Ontario’s securities watchdog has ruled that Toronto-based fund manager Emerge Canada Inc.
- and two executives, including founder Lisa Langley, had breached their responsibilities to investors when they improperly borrowed almost $6-million of investor money to cover operating expenses.
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Published originally on The Globe and Mail - Business
