CSE Suspends Four Companies Following Regulatory Orders

The Canadian Securities Exchange (CSE) has announced the immediate suspension of four companies due to regulatory concerns. The affected companies, identified as AVM.X, TUGA, WBGD, and NATB, are subject to these suspensions under CSE Policy 3, which addresses trading irregularities.

These suspensions are categorized as Regulatory Halts in accordance with the National Instrument 23-101 Trading Rules. This regulatory action comes in response to Cease Trade Orders issued by one or more provincial securities commissions, effectively halting any trading activities related to these entities. Investors and market participants are advised to exercise caution and ensure they are aware of these regulatory changes.

Details on Regulatory Halts

Cease Trade Orders can arise from various compliance issues, including failure to file required financial disclosures or other critical regulatory obligations. For those seeking more information, the Canadian Securities Administrators (CSA) provides a dedicated Cease Trade Order database available at www.securities-administrators.ca.

The CSE continues to monitor compliance closely, ensuring that all listed companies adhere to the necessary regulations. This proactive stance helps maintain market integrity and protect investors from potential risks associated with non-compliance.

Contact Information for Inquiries

For further inquiries regarding these suspensions or other listings, individuals can reach out to the CSE Listings department at (416) 367-7340 or via email at [email protected]. This contact information remains available to assist stakeholders during this regulatory process.

These measures reflect the CSE’s commitment to uphold stringent regulatory standards in the Canadian financial markets, ensuring transparency and trust among investors.