The "Private Market" or "Exempt Market" refers to companies raising capital without issuing a prospectus. Securities legislation allows for capital to be raised without a prospectus, provided an exemption from the prospectus use is available. Common prospectus exemptions used are issuing an offering memorandum or selling to accredited investors. Private companies that require capital from [...]
The securities commissions/regulatory authorities in each province and territory regulate the public and private capital markets in Canada through securities legislation, regulations, rules and national or multilateral instruments. Security law administration and enforcement is overseen by security regulators that have regulatory oversight of issuers of exempt products and market participants – dealers and dealing representatives. [...]
The term Exempt Market Dealer (usually shortened to "EMD") defines a company licensed by securities regulators to trade in or underwrite investment securities that have not been qualified by a prospectus; instead, the investments are exempt from the prospectus requirement. Often referred to as 'private capital', these investments are often not publicly traded like other [...]
The exempt market provides investors the unique ability to invest directly into privately held companies typically composed of small and medium size enterprises ("SMEs"). These SMEs, those firms with less than 100 employees, represent over 97% of businesses within Canada*. Without the private market, the opportunity to invest in SMEs would not otherwise be available [...]
Many investors are eligible to invest in the private market or exempt market, subject to complying with applicable investment limits and/or a certain level of annual income or assets. Our team of Dealing Representatives is available to explain the requirements to you and assess whether you qualify to invest in the private market.
All investments have associated risks which investors should be aware of. We believe it is of the utmost importance that investors have a clear understanding of the risks and any conflicts of interest associated with their investments. Each investment has its own risks which will be explained to you by our team of Dealing Representatives. [...]