ASC alleges market manipulation scheme of Softlab9 Software Solutions Inc. shares
Rahim Shiraz Ali Abdul Karim Karmali Mohamed) and Alnoor Fatehali Nathoo, and British Columbia residents Marc Evan Levy and Michael Baron.
- Rahim Shiraz Ali Abdul Karim Karmali Mohamed) and Alnoor Fatehali Nathoo, and British Columbia residents Marc Evan Levy and Michael Baron.
- The Notice of Hearing alleges that the group engaged in a market manipulation scheme and committed insider reporting violations in breach of Alberta securities laws.
- ASC Staff allege the group engaged in a pattern of trading that involved market manipulation hallmarks of upticks, downticks, high closes, wash trades and bid support.
- As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.