CEF vs ASC: Meet the ASC Hearing Panel

When the ASC begins hearing into the allegations of CEF's securities misconduct starting May 13, 2019 - a panel will hear both sides of the case, consider the information they have, and then render a verdict. If their verdict is that the accused have committed an offence that requires sanctions, a sanctioning hearing will follow... Continue Reading →

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CEF/DIL: Mislabelling Risk

For those who don't know the history behind the whole CEF/DIL debacle, I'm re-posting an article I wrote for SolaGratia back on Sept 14, 2015 and on this blog on Dec 6, 2017.  In this article I summarize how a stodgy, low-risk loan-to-limited-clientele business morphed into a high-risk "bet the farm on a roll of... Continue Reading →

CEF vs ASC: No News is Good News?

Jan 21, 2019 has come and (nearly) gone - and no official word from the ASC pertaining to the matter about the application to stay this proceeding until the representative action has concluded. However, the ASC's "Proceedings, Decisions, and Orders" page for this proceeding is still there, the May 2019 hearing dates are still in... Continue Reading →

CEF: Meet ASC Counsel Janet McCready

Janet is the ASC's staff counsel responsible for the ASC's proceeding against various people involved in the the ABC CEF debacle. The following text is from her public page on the ASC website. Janet's position against fraudsters that refuse to take responsibility for their actions is a refreshing change from LCC's "ignore it and it'll... Continue Reading →

CEF/DIL: A Prayer

From the CEF Depositors Forum: "Heavenly Father, when one part of the body suffers, the whole body suffers with it.  Father, we pray for & with our LWML sisters in the Alberta - British Columbia District, many of whose retirement life savings & LWML Society deposits have been devastated & lost by the collapse of... Continue Reading →

CEF/DIL and the ASC: Save the Date

When the whole CEF / DIL fiasco became public back in Jan 2015, it was only a matter of time before the various government regulators weighed in on the matter. The first to publicly show their hand was the ASC - they investigated, documented what they found, determined their case, published their list of allegations,... Continue Reading →

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