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Coinsquare CEO Cole Diamond and its founder and president, Virgile Rostand, are out after accusations the company misled investors and manipulated the market. So reports CBC Radio Canada.

CoinsquareCoinsquare creates tools for users to access digital money markets. The pair will step down as part of a settlement agreement with the Ontario Securities Commission. Diamond and Rostand will pay $1 million and $900,000 in fines, respectively, and the “company will be required to create an independent board of directors” as a result of the agreement.

Read the full article from CBC Radio Canada.

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