A Manitoba husband and wife have been permanently barred from trading in securities after investors lost money in a plan that included a 30 per cent annual rate of return on investment in some cases. Neil Friesen and his wife Agatha Friesen are permanently prohibited from acting as a director or officer of any company that issues securities in a Feb. 18 settlement with the Manitoba Securities Commission. Neither of the Friesens had ever been registered under the Securities Act in Manitoba to sell securities, the settlement says. The securities commission first confirmed in 2013 that Neil Friesen was under investigation. One World United was dissolved in 2011 and One World United Loyalty was dissolved in 2012, the settlement says.

Source: CBC News February 25, 2021 21:11 UTC