Canada Crypto Exchange Coinsquare Accused of Wash Trading by Watchdog
The Ontario Securities Commission alleges Coinsquare manipulated markets with fake trading volumes between 2018 and 2019.
Nasdaq-listed Mogo plans to lift its ownership position in the Canadian exchange to about 37%.
Coinsquare estimates between 5 and 10 percent of customer records could be caught in the sweep.
Piszel succeeds Stacey Hoisak who becomes president and chief legal officer at the company.
The demand mimics a play tax enforcers at the IRS deployed against Coinbase.
In a settlement with the Ontario Securities Commission, three seniors executives at the Canadian exchange agreed to step down and pay penalties over fake trades.