OSC panel approves $12.5 million settlement The approved settlement agreement calls for $11 million of the settlement funds to be used as part of a proposed $29.5 million settlement in a related class proceeding in Ontario.
As widely reported, the background and lead up to the settlement had been closely watched. It raised a number of interesting issues and questions about the challenges for market players who are subject to multiple regulators with potentially differing mandates and objectives, and the challenges those players face in addressing their obligations to their stakeholders.
https://www.osc.gov.on.ca/documents/en/Proceedings-SET/set_20170614_home-capital.pdf