David and Natasha Sharpe orchestrated fraudulent loans that put Bridging investors’ money into their own pockets and helped Bridging buy Ninepoint out of an investment management partnership, the Ontario Capital Markets Tribunal ruled. The Sharpes and chief compliance officer Andrew Mushore also obstructed the commission’s investigation, the tribunal said, and all face sanctions under Ontario’s securities law. (The Logic)

Talking point: David Sharpe, who was Bridging’s CEO, told The Globe and Mail he plans to appeal the finding, which comes with potential penalties but is not a ruling that anybody committed a crime. The decision came more than three years after the Ontario Securities Commission brought a complaint accusing them of malfeasance and leading the tribunal to put Bridging—which once reported $2 billion in assets under management—into receivership.