Latest news with #DavidSharpe
Mint
18-07-2025
- Business
- Mint
Private Credit CEO Facing Lifetime Trading Ban Appeals Ruling
(Bloomberg) -- The former chief executive officer of Bridging Finance Inc. is appealing a decision from Canada's top capital markets regulator that found he committed fraud and barred him permanently from trading. David Sharpe — part of a husband and wife duo that ran the Toronto private lender before it went into receivership in 2021 — is arguing that the Ontario Securities Commission violated his rights and due process protections, according to a statement from his legal team. The team claimed that the tribunal improperly disclosed his confidential testimony and that changes to the Canadian Securities Act were applied retroactively to expand the regulator's powers. 'The appeal engages every Canadian's right to protection from abuse of state power,' Sharpe's lawyer Brian Greenspan said in the statement. 'When an agency such as the OSC violates its own statute and no remedy is provided, confidence in the fairness of regulatory justice is undermined.' Bridging managed more than C$2 billion ($1.5 billion) at its peak before PriceWaterhouseCoopers took control of the firm in 2021. Bridging's more than 26,000 investors are expected to recover less than half of that, according to documents filed by PwC, the receiver. Sharpe didn't participate in the original tribunal hearings, citing concerns about fairness after a motion to stay proceedings was denied. The tribunal ruled that Sharpe and his wife, Natasha Sharpe, committed multiple frauds at Bridging, including taking kickbacks and misleading investigators. David Sharpe was fined C$3.6 million, while Natasha Sharpe, the firm's former Chief Investment Officer, was fined nearly C$2 million last month. A third executive, Andrew Mushore, received a C$50,000 penalty. Last month, David Sharpe's legal team argued the widespread publication of his evidence was particularly harmful given his public role as a First Nations economic leader. 'This case has implications beyond Mr. Sharpe and raises serious questions about the limits of regulatory power and the constitutional protection against self-incrimination,' Alistair Crawley, a partner with Crawley MacKewn Brush LLP, said at the time. More stories like this are available on
Bloomberg
18-07-2025
- Business
- Bloomberg
Private Credit CEO Facing Lifetime Trading Ban Appeals Ruling
The former chief executive officer of Bridging Finance Inc. is appealing a decision from Canada's top capital markets regulator that found he committed fraud and barred him permanently from trading. David Sharpe — part of a husband and wife duo that ran the Toronto private lender before it went into receivership in 2021 — is arguing that the Ontario Securities Commission violated his rights and due process protections, according to a statement from his legal team. The team claimed that the tribunal improperly disclosed his confidential testimony and that changes to the Canadian Securities Act were applied retroactively to expand the regulator's powers.
Cision Canada
18-07-2025
- Business
- Cision Canada
David Sharpe Files Notice of Appeal in Ontario Capital Markets Tribunal Case Citing Charter Violations, Regulatory Overreach, and Procedural Unfairness
TORONTO, July 18, 2025 /CNW/ - David Sharpe, a First Nations economic leader, has filed a Notice of Appeal in the Divisional Court, challenging the Ontario Capital Markets Tribunal decision against him. The appeal raises significant legal and constitutional concerns, including abuse of process, breaches of the Charter of Rights and Freedoms, and unlawful public disclosure of compelled testimony. Mr. Sharpe, former CEO of Bridging Finance Inc. and past Chair of the First Nations University of Canada, did not participate in the hearing before the Tribunal. He took this position following the summary dismissal of his motion to stay proceedings, despite the previous determination by the Tribunal that OSC staff had unlawfully disclosed his confidential compelled evidence. The Notice of Appeal, filed on July 17, also challenges the constitutionality of section 17(6) of the Securities Act, a provision retroactively introduced after the unlawful disclosures to expand OSC powers. Mr. Sharpe's counsel, Brian Greenspan commented that: "The appeal engages every Canadian's right to protection from abuse of state power. When an agency such as the OSC violates its own statute and no remedy is provided, confidence in the fairness of regulatory justice is undermined."
The Review Geek
02-07-2025
- Entertainment
- The Review Geek
Nine Perfect Strangers – Season 2 Episode 8 Recap, Review & Ending Explained
Batshit Episode 8 of Nine Perfect Strangers season 2 begins this finale with Masha confirming that everybody has a connection to David Sharpe. All of these people have a history with him, as Masha points out the connections between everybody. How is David connected to everybody? David made the call to take money away from the scholarship programs for musicians (like Wolfe and Tina). He also made the call to take Brian off the air, and, of course, he's also got a hand in the satellite technology with the Russians that was responsible for the drone strikes. This same war that both Matteo and Agnes suffered from. Victoria takes Masha aside to talk though, while David – still feeling the effects from the drugs – struggles to get up and go. The others sit nonchalantly though while Martin continues to spiral, hallucinating and galivanting across the hotel. He sees Helena, who berates him and encourages Martin to turn his anger away from her but across to those who have taken his power away instead. How does David defend himself? Tina is uncomfortable with Masha's psychedelic witch trial and calls Masha out for it when she returns. She turns Wolfe and Tina against each other with her comments, and informs them this is an optional experiment and they don't need to be here unless they want to be. The only one not up for this though is Tina, it seems. David speaks up and decides to say his piece, much to Wolfe's anger. He brings up how he didn't directly cause all of these problems and brings up his past and how he's done great things too. Nobody is willing to give him the time of day, while Peter is pissed that Masha has put David in this position of being the main character in a morality play. Things then escalate when Imogen brings up her dad, Jonathan Auclair. When David can't remember the name, she smacks him in the face. David suddenly switches and decides he's going to do a complete 180. Specifically, in redirecting everybody in the business from weapons across to charity. Does Martin shoot Masha? Heading out to grab his sat phone, David tries to get a signal. Masha follows, with Martin close behind, still brandishing the shotgun. On the bridge from episode 1, Martin confronts Masha and believes she turned Helena against him. Martin is determined to make the world a better place and to take back his family's legacy. Masha decides they can 'go home together' and wants him to fire… and he eventually does. Masha tumbles off the bridge and hits the ground, prompting Martin to flee. Masha is still alive though, and recovering. When she awakens, she's upset over not seeing Tatiana anymore. David is here and he's shocked by her words. What happens at the end of the Wellness program? Martin heads in to see Masha and she doesn't hate him for what he did. She wants him to change after his dark experience with his mum. Masha agrees that the Wellness Program should stay in the family, and Martin should be the one to take over. However, they won't be benefiting from the funding from David. Seeing the risks from before, he's not sure it's the right way forward. He also sidesteps from his words the previous night, unsure whether to fully back out of weapons manufacturing or not. Meanwhile, Brian decides he needs to go about life on his own, while Tina and Wolfe break up. Victoria and Imogen manage to patch up their differences, while Brian and Agnes surprisingly find solace together with their marionette dolls. Agnes wants him to help cheer up kids but in a different environment. Specifically, away from TV and more toward hospitals and schools. How is the situation between David and Masha resolved? Peter and Imogen decide to keep in touch, while Masha uploads David's drug-induced rant about getting out of the weapons industry to the news, who run with it and David is forced to follow through. David promises to find his way out of this though and calls Masha, berating her. One month later and David shows up at a McDonalds to meet with Masha in Bavaria. It's a mutual location and with a billion dollars slashed from his net worth, he's not particularly happy. He shows off a corporate rebranding now that the company are free from weapon manufacturing, and he's going to get into psychedelic therapy. He wants Masha involved too, but similarly, also wants some protections. He offers her 100k and knows she'll sign it. Two can play at Masha's game; David has CCTV footage from all the incidents at her Wellness Centers. He's offered a substantial cash sum to Martin to get this footage. She eventually signs but promises David that he'll regret it. The Episode Review So Nine Perfect Strangers crawls over the finish line with an underwhelming finale that shows that this whole Wellness shindig at Zauberwald was here as a way of making David suffer. The entire episode revolves around pointing out what an awful person David is because he's a billionaire and used some of his money within weapon manufacturing. While the idea is ok, the execution is clumsy, with many rushed and sloppy elements thrown in for the sake of it. The original worked because it had this air of unpredictability around Masha but in this follow-up, we already know she's seeing Tatiana and is unhinged so there's no allure or intrigue there. The ending also doesn't really do much to entice you to watch a third season, and perhaps the only saving grace from this story is that of Brian and Agnes, who at least have a decent ending to their story. However, Wolfe and Tina don't get to the crux of their issues and are seemingly going their separate ways, while Martin is still unhinged but gets what he wants in taking over the Wellness Center. Unfortunately, this has not been a season to remember, bowing things out with a rather disappointing season overall. Previous Episode Next Episode Expect A Full Season Write-Up When This Season Concludes!
Cision Canada
20-06-2025
- Politics
- Cision Canada
David Sharpe to Appeal Ontario Capital Markets Tribunal Decision Citing Regulatory Overreach, Charter Violations, and Abuse of Process
TORONTO, June 20, 2025 /CNW/ - David Sharpe, a nationally recognized First Nations legal and economic leader will appeal the findings and sanctions imposed in the recent decision of the Ontario Capital Market Tribunal. Mr. Sharpe, a member of the Mohawks of the Bay of Quinte, former Chair of the First Nations University of Canada and past CEO of Bridging Finance Inc., did not participate in nor was he present during the course of the hearing. He adopted this position in light of the summary dismissal of his motion to stay the proceedings which ignored the Tribunal's finding that OSC staff had unlawfully disclosed his compelled testimony causing irreversible harm to his career and reputation. Brian Greenspan, counsel on behalf of Mr. Sharpe noted that "This appeal not only relates to Mr. Sharpe—it engages the right of every Canadian to be protected from abuse of state power. When a public agency violates the statute which governs its operation, admits the violation and yet no remedy or accountability is provided, fundamental fairness and confidence in the adjudicative process is jeopardized." The appeal also raises issues of systemic discrimination including the failure of the OSC to investigate Mr. Sharpe's written complaint of racism. The focus of the appeal is whether "public bodies can break the law and then change the law after the fact to justify their actions. That is not how the rule of law should work in a democracy."
