Vancouver-based GrowthWorks Capital Ltd. has been struggling with liquidity problems in several of its labour-sponsored venture capital funds, including the widely held Working Opportunity Funds.
Now it appears that the firm’s attempts to deal with those liquidity problems have landed it in hot water with the B.C. Securities Commission.
GrowthWorks revealed in an April 19 news release that BCSC auditors had conducted a field audit of its venture capital funds and had expressed concern about its stewardship of those funds.
David Baines – Vancouver Sun – May 7, 2013.
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