Denied Avaneesh2008 - Financial Institution Registration

[Avaneesh2008]

Username Avaneesh2008

Company Name Apollo Capital

Company Type Investment Bank

In-Game Trading Name apollocapital

Company Description We are a private equity firm which takes money from clients and uses it to do Venture Capital Investing, Private Equity Acquisions, and other related services.

 

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Investment banks are not eligible for tax exemptions (and never were technically). They've all been removed to unfortunately can't accept this.
- Taxation act says "Deposit-taking financial institutions"
- CSA says "(a) An Investment Bank does not take deposits."