Toronto-based Emerge acknowledged on Monday it has yet to find a new auditor, and is working to appoint a successor
Regulators have slapped the entire family of exchange-traded funds from Emerge Canada Inc. with a trading halt because the company has failed to find an auditor to review its financial statements.
Emerge said Monday once it finds a new auditor, it “will expeditiously work to complete and file the annual filings and seek to have the CTO [cease-trade order] lifted.” The company began to gain traction here in 2019 when it became the Canadian distributor for funds managed by ARK Investments, the U.S. company known for its charismatic CEO, Cathie Wood, and her frequent media appearances promoting Tesla Inc. and other high-growth stocks. In total, Emerge has six Emerge ARK funds, with ARK Investment Management LLC as a sub-adviser to each.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold ETFs see first inflows in 10 months as banking crisis sparks safe-haven buyingKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Regional Canadian routes see higher airfares, fewer flights even as new carriers emergeFewer flight options from Saskatoon serves as a microcosm for the situation in numerous smaller cities across the country
Read more »
Regional routes see higher airfares, fewer flights even as new carriers emerge - BNN BloombergAs recently as October, Air Canada and WestJet Airlines were flying a combined 540 flights between Calgary and Saskatoon each month, according to aviation data firm Cirium.
Read more »
Regional routes see higher airfares, fewer flights even as new carriers emergeMONTREAL —
Read more »
Regional routes see higher airfares, fewer flights even as new carriers emergeWhether you’re catching a flight, opening a new bank account or picking up groceries, a small group of big names takes up most of the market share. Competition Ltd. is a Canadian Press series that explores what this means for products — and prices — in the country.
Read more »
Regional routes see higher airfares, fewer flights even as new carriers emergeMONTREAL — Whether you're catching a flight, opening a new bank account or picking up groceries, a small group of big names takes up most of the market share. Competition Ltd.
Read more »