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Toronto Private Lender's Founders Fired Amid Mismanagement Probe


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(Bloomberg) The husband-and-wife duo that ran private lender Bridging Finance Inc. has been fired by a court-appointed receiver as Canada’s main securities regulator investigates the firm over alleged mismanagement and self-dealing.
PricewaterhouseCoopers, which took control of Bridging at the request of the Ontario Securities Commission, fired David and Natasha Sharpe from the firm they co-founded almost a decade ago. The move came less than a week after the regulator said it was investigating the executives at the firm, which had about C$2 billion ($1.7 billion) in assets under management as of December.
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