Good.

This is the best summary I could come up with:

Everyone seems to want a piece of Fred Sharp, the self-styled private banker from West Vancouver who built a huge network of offshore companies that facilitated, according to U.S. court findings, a billion-dollar series of pump-and-dump stock frauds.

Now, after six years of legal squabbling over jurisdiction, Quebec’s stock market regulator can have its crack at Sharp, too, the Supreme Court of Canada ruled this morning.

The decision means the provincial regulator, the Autorité des marchés financiers (AMF), can pursue its allegations — originally brought to the tribunal in 2017 — against Sharp and three others from outside Quebec.

In 2021, following a yearslong investigation, the U.S. Securities and Exchange Commission charged Sharp with civil stock fraud for being the “mastermind” behind a network of shell companies and stock-trading accounts that he rented out to clients to use in a series of pump-and-dump scams.

It said Sharp’s clients were able to hide their ownership and manipulation of penny stocks via the anonymity of the offshore corporations he set up and managed, and through the use of encrypted communication devices and code names.

The SEC has gone on to level civil stock fraud accusations against a dozen other Canadians linked to Sharp and his network, and separate criminal counts are pending against six of those people.

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