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James Langton
Almost 11 years ago a pair of respondents to an Ontario Securities Commission (OSC) enforcement proceeding reached settlements with the regulator that included disgorgement. Now, investors who lost money are being invited to file claims to recover their losses.
The OSC said that approximately 40 investors who were solicited by Ronald Mainse or David Rutledge to invest in the Axcess Automation Investment and the Axcess Fund Investment may now be eligible to make claims for a share of the $435,000 recovered from Mainse, Rutledge and 6845941 Canada Inc. under settlements reached back in August 2010.
Only investors who Mainse or Rutledge introduced to the Axcess Investments can file a claim for their losses, the commission said in a release, noting that claims must be filed by Sept. 30.
Grant-thornton-ltdAxcess-investmentsமானியம்-தோர்ன்டன்-லிமிடெட்Compensation available to certain victims of decade-old fraud scheme
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Grant-thornton-ltdAxcess-investmentsமானியம்-தோர்ன்டன்-லிமிடெட்