Private Credit Husband-And-Wife Duo Face Bankruptcy Push

Canada’s top capital markets regulator has filed applications to push David and Natasha Sharpe, the husband-and-wife team who once ran private lender Bridging Finance Inc., into bankruptcy after they failed to pay millions of dollars in sanctions.

The Ontario Securities Commission said Wednesday it filed to appoint a trustee over the couple’s assets. The move comes after the Capital Markets Tribunal in June ordered the pair to return more than C$20 million ($14.5 million) to investors and pay administrative penalties of more than C$5 million tied to fraud findings.

David Sharpe was Bridging’s chief executive officer and Natasha Sharpe ...