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Bridging Finance Inc.
Bridging Finance Inc. was a Canadian private lender based in Toronto, Ontario, Canada that was placed in receivership by the Ontario Court of Justice following an investigation by the Ontario Securities Commission (OSC). Investors in the firm's funds are expected to lose approximately 58-66% of their capital. That is one of the "largest collapses of an investment fund in Canadian history." In 2023, the Ontario Securities Commission (OSC) alleged that former CEO David Sharpe, former Chief Investment Officer Natasha Sharpe and former Chief Compliance Officer, Andrew Mushore "committed fraud, misappropriated funds, made misleading and untrue statements and misled investigators." On October 29th 2024, the Ontario Securities Commission Tribunal ruled that Bridging Finance executives David and Natasha Sharpe committed fraud, and that Andrew Mushore "indirectly participated" in the fraudulent activities. History and ownership Bridging is owned by Natasha and David Sharpe. In 2019, Nata ...
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Toronto
Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a population of 2,794,356 in 2021, it is the List of North American cities by population, fourth-most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. As of 2024, the census metropolitan area had an estimated population of 7,106,379. Toronto is an international centre of business, finance, arts, sports, and culture, and is recognized as one of the most multiculturalism, multicultural and cosmopolitanism, cosmopolitan cities in the world. Indigenous peoples in Canada, Indigenous peoples have travelled through and inhabited the Toronto area, ...
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Ontario Securities Commission
The Ontario Securities Commission (OSC; French language, French: ''Commission des valeurs mobilières de l’Ontario'') is a regulation, regulatory agency which administers and enforces security (finance), securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown agency (Ontario), Crown agency which reports to the Ontario legislature through the Ministry of Finance (Ontario), Minister of Finance. Canada does not have a national securities regulator, and each province and territory regulates its own capital markets; OSC regulates the capital markets in Ontario. Other notable provincial regulators include the Alberta Securities Commission, the Autorité des marchés financiers (Québec), and the British Columbia Securities Commission. The OSC's mandate is to: * Protect investors from unfair, improper and fraudulent practices * Foster fair and efficient capital (economics), capital markets * Maintain General public, public and investor confidence in the ...
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2012 Establishments In Ontario
1 (one, unit, unity) is a number, Numeral (linguistics), numeral, and glyph. It is the first and smallest Positive number, positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit (measurement), unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In Digital electronics, digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In math ...
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Financial Services Companies Established In 2012
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ...
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Financial Services Companies Based In Toronto
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability ...
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Cayman Islands
The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located south of Cuba and north-east of Honduras, between Jamaica and Mexico's Yucatán Peninsula. The capital city is George Town, Cayman Islands, George Town on Grand Cayman, which is the most populous of the three islands. The Cayman Islands is considered to be part of the geographic Western Caribbean zone as well as the Greater Antilles. The territory is a major offshore financial centre for international businesses and High-net-worth individual, the rich mainly due to the state charging no tax on income earned or stored. With a GDP per capita of US$97,750 in 2023, the Cayman Islands has the highest standard of living in the Caribbean, and one of the highest in the world. Immigrants from over 140 countries and territories reside in the Cayman I ...
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KMPG
KMPG (1520 AM) is a radio station broadcasting a Regional Mexican format. Licensed to Hollister, California, United States, it serves the Gilroy/Hollister area. The station is currently owned by Promo Radio Corp. KMPG is the only AM station in California that requires critical hours operation. It must sign off the air at sunset to prevent interference to Class A clear-channel station KOKC in Oklahoma City, Oklahoma Oklahoma City (), officially the City of Oklahoma City, and often shortened to OKC, is the List of capitals in the United States, capital and List of municipalities in Oklahoma, most populous city of the U.S. state of Oklahoma. The county seat ..., which is also on 1520 kHz. References External links * ( Guide to reading History Cards) "Local Radio Station Brings Heartland Home,"''Hollister Free Lance'', October 7, 2004 MPG MPG MPG {{California-radio-station-stub ...
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Alaska-Alberta Railway Development Corporation
The Alaska-Alberta Railway Development Corporation (also known as A2A for Alaska to Alberta) was an entity created to build, own, and operate a proposed railroad between Delta Junction, Alaska, United States, and Fort McMurray, Alberta, Canada. The concept never got beyond the planning stage and in 2021, the company was put in receivership. The project was on hold due to financial irregularities between A2A's only shareholder, Sean McCoshen, and A2A's main financial backer Bridging Finance Inc. At the time of the receivership filing, the railroad was still in a conceptual stage and the only assets identified by the receiver were consulting reports and intellectual property. Total debts owed to Bridging Finance were approximately $212.9 million. McCoshen filed for personal bankruptcy in Oregon two months after A2A entered receivership. Route The proposed A2A railway would have connected to the Alaska Railroad at Delta Junction, Alaska, and run through the Yukon to Fort Nelson, Br ...
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Ontario Court Of Justice
The Ontario Court of Justice is the provincial court court of record, of record for the Canadian province of Ontario. The court sits at more than 200 locations across the province and oversees matters relating to family law, criminal law, and provincial offences. Jurisdiction This court is subordinate in relationship to the Superior court (Canada), "superior" courts. The phrase "provincial court" or "territorial court" is often used to mean a lower court whose decisions can be reviewed by a superior court. Decades ago, they were managed at the local municipal level. The Ontario Court of Justice is a division of the Court of Ontario. The other division of the Court of Ontario is the Ontario Superior Court of Justice, Superior Court of Justice. Until 1999, the Ontario Court of Justice was known as the Ontario Court (Provincial Division). Family law Family law cases deal with matters of child custody, custody, shared parenting, access and child support, support, child protectio ...
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Canada
Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of countries and dependencies by area, second-largest country by total area, with the List of countries by length of coastline, world's longest coastline. Its Canada–United States border, border with the United States is the world's longest international land border. The country is characterized by a wide range of both Temperature in Canada, meteorologic and Geography of Canada, geological regions. With Population of Canada, a population of over 41million people, it has widely varying population densities, with the majority residing in List of the largest population centres in Canada, urban areas and large areas of the country being sparsely populated. Canada's capital is Ottawa and List of census metropolitan areas and agglomerations in Canada, ...
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Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Types of receivership Receiverships can be broadly divided into two types: *those related to insolvency or enforcement of a security interest *those where either: **a person is incapable of managing their affairs and a court has appointed a receiver to ma ...
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Ontario
Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it is home to 38.5% of the country's population, and is the second-largest province by total area (after Quebec). Ontario is Canada's fourth-largest jurisdiction in total area of all the Canadian provinces and territories. It is home to the nation's capital, Ottawa, and its list of the largest municipalities in Canada by population, most populous city, Toronto, which is Ontario's provincial capital. Ontario is bordered by the province of Manitoba to the west, Hudson Bay and James Bay to the north, and Quebec to the east and northeast. To the south, it is bordered by the U.S. states of (from west to east) Minnesota, Michigan, Ohio, Pennsylvania, and New York (state), New York. Almost all of Ontario's border with the United States follows riv ...
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