Order Issued Against Ontario Investment Company

first_img The Nova Scotia Securities Commission issued a temporary ordertoday, Feb. 11, against Portus Alternative Asset Management Inc.(Portus). The order imposes further terms and conditions on thecompany, which has been unable to open new client accounts andaccept new funds or assets for investment since a previous orderwas issued on Feb. 2. Today’s order prevents Portus from trading in securities and frompaying out, redeeming or otherwise returning investment funds toclients, except with respect to pre-authorized periodicwithdrawals on behalf of clients. The temporary order also places terms and conditions on theregistration of Mr. Boaz Manor, preventing him from trading oracting on a trade on behalf of Portus clients. Portus is an investment counselling and portfolio managementcompany located in Ontario and registered to operate in NovaScotia through the securities commission. A copy of the order is available on the securities commissionwebsite at www.gov.ns.ca/nssc, under What’s New. It will remainin effect until further notice. Any investors who have questions can contact the commission at902-424-6179. N.S. SECURITIES COMMISSION–Order Issued Against OntarioInvestment Companylast_img read more

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