The Ontario Securities Commission (OSC) issued a warning to investors on April 26 concerning Sunil Tulsiani who is permanently banned from trading securities in Ontario, and pleaded guilty to Securities Act offences in 2017. Despite this ban, the OSC says it “is aware of events being hosted by Mr. Tulsiani's Private Investment Club.”
On June 7, 2017, Tulsiani pled guilty to unregistered trading and breaching an OSC cease trade order in connection with an investment scheme involving the Private Investment Club, which targeted Ontario investors. On March 22, 2012, the Commission imposed a number of bans on Mr. Tulsiani and his company, Tulsiani Investments. They were ordered to cease trading permanently.
Tulsiani is subject to a permanent cease trade order, which permanently bans him from trading in securities (which includes soliciting investors to trade in securities), or serving as a director or officer of a company or investment firm.
The regulator requests that Ontario investors who have been approached by Tulsiani contact the OSC Contact Centre at 1-877-785-1555 or at this email address.
