The Nova Scotia Securities Commission (NSSC) announced on Tuesday that it has issued a cease-trade order against Home Safe Living Investment Fund Ltd., a community economic-development corporation.
Specifically, the fund has “violated securities laws by failing to file continuous disclosure documents,” the NSSC says in a statement, noting that the fund failed to file its annual financials for the year ended June 30 by the Nov. 17 deadline.
As a result, the regulator’s director of corporate finance has now ordered the fund to comply with securities laws and ordered a cease-trade order on its securities.