Hints and tips:
...The OSC said Emerge Canada had been calculating its excess working capital by including a “related-party receivable” owed to it by Emerge Capital Management, also known as Emerge US, the sub-adviser to the...
...The exchange’s clients lost at least C$169m (US$128m), according to the OSC, which concluded after an extensive review: “What happened at Quadriga was an old-fashioned fraud wrapped in modern technology....
...It also accounts for over a quarter of the entire US mutual fund market — a market share almost as big as Fidelity, BlackRock and Capital Group put together....
...For the class action deal, Home Capital said it will pay C$29.5m, including C$11m of the payments to the OSC....
...The new C$2bn credit facility, for example, replaces one signed under duress in April, shortly after the OSC announced its probe....
...E&Y failed “to perform sufficient audit work to verify the ownership and existence of Sino-Forest’s most significant assets,” a filing by the OSC alleges (Wall Street Journal)....
...The two parties said GMP Capital, the broker-dealer, withdrew from the Maple consortium to satisfy the ownership conditions set by the OSC and AMF....
...“Moody’s is concerned that the allegations by OSC, while still under investigation, are serious....
...The OSC said that the proposal for nine bank and pension funds – which it collectively called “investors” – to have board seats “raises a concern that the board of directors may not have fair and meaningful...
...“We are going to provide you with some information on why Muddy Waters research is a pile of crap” — Richard Kelertas, Dundee Capital Markets....
...The company has proposed a single capital structure by paying the Stronach trust US$863m, including $300m in cash and 9m new single-vote shares, in exchange for the trust’s multiple-voting stock....
...The agency will seek comments over the next four months before implementing the proposal by the end of the year, Randee Pavalow, director of capital markets at the OSC, said....
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