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OSC halts trading in 15 income funds that it alleges were used to help pay for yoga studio Add to ...

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Investors thought they were getting stable income with the upside of potentially funding the next motion-picture blockbuster. Instead, the Ontario Securities Commission says, the buyers of the Crystal Wealth Media Strategy fund shares were actually funding a yoga studio co-founded by portfolio manager Clayton Smith, and their shares in the fund may not be worth what Burlington, Ont.,-based Crystal Wealth said they were because internal documents suggest many of the fund’s investments were flops.

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