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 →

Advertisements

CEF/DIL: 36th Monitor Report Posted

The "eyes and ears" of the court for a CCAA proceeding is Deloitte and they have a web page where they track their progress as the ABC District situation is being worked through.  On Oct 1, 2018 they posted their 36th report to update where things are. In summary: The Sage Application to resolve the... Continue Reading →

CEF/DIL: Reviewing the District’s Letter with a Critical Eye / Part 3: Conclusion

This article is reviewing a letter by District President Schaeffer to the members of the ABC District. Part 1 covered the introduction and the three major points of the letter, Part 2 covered the closing part of the letter, and this article will have some closing thoughts. Another small fact this letter leaves out is that the District President and... Continue Reading →

CEF/DIL: Reviewing the District’s Letter with a Critical Eye / Part 2

This article is reviewing a letter by District President Schaeffer to the members of the ABC District. Part 1 covered the introduction and the three major points of the letter, this article will address the closing paragraphs, and the concluding article will have some closing thoughts. In a complex financial situation as that faced by... Continue Reading →

CEF/DIL: Reviewing the District’s Letter with a Critical Eye / Part 1

When legal proceedings take place there's a number of players involved in the room - the judge or panel, counsel for the respondents (the people charged with an offence), the prosecution, and the ever-present court reporter that transcribes everything that happens into a permanent record. For the ASC hearing  that took place on Aug 13,... Continue Reading →

CEF/DIL: Lutheran Church investors eager for resolution in alleged securities violations

From Alberta Lutheran Church investors eager for resolution in alleged securities violations By MADELINE SMITH StarMetro Calgary Mon., Aug. 13, 2018 CALGARY—Lutheran Church members in Alberta and B.C. are waiting for answers as the Alberta Securities Commission moves ahead with a hearing to examine accusations of misleading investors in a church-directed fund. The ASC has alleged that the... Continue Reading →

Powered by WordPress.com.

Up ↑

%d bloggers like this: