Alerts and Cautions review July-October

Submitted by nsscadmin on Wed, 10/15/2025 - 09:00

The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions. You can find all the alerts and cautions we’ve issued for the last nine years on our Investor Alert Database.

To create further awareness concerning the companies and people identified in Alerts and Cautions, our Before You Invest Blog does regular reviews of Alerts throughout the year.

This review looks back at all the Alerts and Cautions issued between July and October. This month we’ve also included some alerts issued by external organizations that are relevant to Nova Scota investors.

July 7 – OSC Investor Alert: JC Team Capital Inc. and Parthkumar Jani

The OSC warned the public about JC Team Capital Inc., which is operating through the website jcteamcapital.com.

JC Team Capital Inc. and its director, Mr. Parthkumar Jani, may be encouraging Canadians to invest in various companies through loan agreements. However, JC Team Capital Inc. and Mr. Jani are not registered to sell investments in Canada.

July 23 - RCMP recover 460,000 USD Tether in cryptocurrency for fraud victim

The RCMP Federal Policing Criminal Operations - Virtual Assets team at National Headquarters have recovered approximately 460,000 USD Tether (USDT) in cryptocurrency after an Ontario resident was targeted by a sophisticated investment fraud.

September 9 - Canada's major financial services, telecommunication, and technology companies unite with law enforcement and government to target growing threat posed by scams

Canada's major financial services, telecommunications, and technology companies are uniting with law enforcement and the federal government to form the Canadian Anti-Scam Coalition (Coalition or CASC), the country's first unified cross-sector initiative to combat the growing threat of scams targeting Canadian consumers.

Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
Failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.