On January 7, 2026, the Ontario Superior Court of Justice (Commercial List) in Toronto, Canada appointed BDO Canada Limited as receiver (the “Receiver”) of funds paid to the Ontario Securities Commission (the “Commission”) pursuant to a settlement agreement between the Commission and David Cartu, carrying on business as UKTVM Ltd. and Greymountain Management Limited (collectively, the “Cartu Corporations”).
The Ontario Superior Court Order authorized the Receiver to implement a claims process (the “Claims Process”) for persons residing in Ontario who made payments to the Cartu Corporations to invest in binary options.
If you were an investor residing in Ontario who made payments to the Cartu Corporations to invest in binary options between approximately July 2013 and April 2017, and you did not receive a Notice of Claim from the Receiver, please review the forms and court order posted here for information on how you can make a claim under the Claims Process.
For further information, please contact Jessie Hue or Tony Montesano of the Receiver’s office by telephone at (647) 577-4366 or (416) 775-7821, respectively, or by E-mail at [email protected].
Court Documents
Application Record dated January 5, 2026
Proposed Receiver’s Report dated January 2, 2026
Receivership Order - dated January 7, 2026
Claims Process Order - dated January 7, 2026
Commercial List Endorsement - dated January 7, 2026
Claims Process
The Receiver must receive a completed Proof of Claim forms by 5:00 p.m. (Eastern Standard Time) on March 6, 2026 (the “Claims Bar Date”). CLAIMS THAT ARE NOT RECEIVED ON OR BEFORE THE CLAIMS BAR DATE WILL BE BARRED AND EXTINGUISHED FOREVER.
| Process | Date |
|---|---|
| Mailing to Investors | By January 23, 2026 |
| Newspaper Notice | By January 23, 2026 |
| Claims Bar Date | March 6, 2026 |
| Notice of Revision or Disallowance Deadline | March 27, 2026 |
| Dispute Notice Deadline | April 15, 2026 |
| Distribution to Investors | June 15, 2026 |
Forms
Notice of Revision or Disallowance of Claim