Newly formed Norshield Victims Committee

The regulators are failing to protect investors and more and more investors are banding together to take action to achieve restitution. Chris Ouslis has recently formed the Norshield Victims Committee and has issued the following news realease.

OSC releases final decision and findings on Norshield Asset Management (Olympus
United Funds) and the breaches of key staff members

Toronto, Canada, March 10, 2010

The Ontario Securities Commission released their decision on Norshield Asset Management (NAM) and the Olympus Hedge Funds. The three key staff members, CEO John Xanthoudakis, President Dale Smith, and Advising Officer and Portfolio Manager Peter Kefalas, were found to be in breach of Ontario securities laws and acted contrary to the public interest. The OSC indicated that NAM lost $159 million invested by 1900 retail investors in Canada. Hundreds of millions more were invested by an unknown number of Institutional Investors in Canada which implies that even more Canadians have been affected, but are unaware.

The OSC Reasons and Decision document is available as:
http://www.osc.gov.on.ca/documents/en/rad_20100308_rev-norshield.pdf

More information is available on the blog web page which can be viewed as:
http://www.norshieldvictims.blogspot.com/

For additional information contact:

Chris Ouslis - tel: 416.708.4931 - e-mail: Norshield.Victims@gmail.com