FSCO Action Group
 
 

FSCO Action Group

for

Tier 1 Advisory Investors

 
 
 

Co-Chairman - Peter Lantos     /    Co-Chairman - Larry Smith      /    Director - John Landolfi

 
 
 
 
Our Mandate
 
To help our clients and all Tier 1 investors (who Participate in the FSCO Action Group)

to recover as much of YOUR hard-earned investments as we possibly can.
 
 
  The FSCO Action Group's purpose is ...
.

1.

 

to have a unified voice in representing all Tier 1 Investors (who Participate in the FSCO Action Group and) who have lost a significant portion of their investment;
.

2.

 

to be transparent to the investors in all of our dealings through a monthly update;
.

3.
 

to ensure we explore viable alternative solutions to recover as much of our investments as possible.
 
 
 
We can give you no assurances or guarantees of a recovery or a settlement.

The only guarantee we can give you is that if we do nothing, we will get nothing!
 
 
 
All Forms and Updates below can be downloaded in PDF format.

If you do not have Adobe Reader (or another PDF Reader) on your computer,
you can download and install it for free ...



Click On the Logo Above to Download Adobe Reader

 
 
 
 
 
NEWS and FORMS    
           
           
      Monthly Update #21
was emailed to Participants on Nov 4, 2019
   
           
           
      * * *  PARTICIPATION Form  * * *    
           
       Common Questions and Answers    
           
           
  Oct 2018   Tier 1 Advisory _ Summary of Events    
           
      Statement of Claim by Grant Thornton and KSV    
           
           
  Jan 2019   Grant Thornton distributions to date    
           
      Judge Conway Motion    
           
           
  Nov 1, 2019   Summary of the Statement of Claim    
           
      Statement of Claim    
           
      Nov 10, 2019 .... Globe and Mail
Tier 1 Investors sue Ontario over supervision of risky syndicated mortgages
 
   
           
           
 



"FSCO's legislative mandate is to provide regulatory services that
protect the public interest
and enhance public confidence in the sectors it regulates."
... FSCO's website - About Us

 

"FSCO has failed completely in its duty to protect the public interest with respect to these
syndicated equity development mortgages,"
  ...
David Franklin B.Comm, JD  - Globe and Mail - Nov 7,2017

 

The Panel that Finance Minister Charles Sousa appointed to make recommendations to him, 
a report which is dated March 31, 2016, advised the Minister of Finance that
FSCO was not adequately protecting the public.  

.