Fund firms, OSC in talks for group deal

Article Abstract:

Four mutual fund companies are negotiating with security regulators aimed at a group settlement that would include restitution to investors targeted for potential enforcement action over alleged market-timing violations. The settlement with all four companies would be used as a template for a similar accord with any other fund companies that could be swept up in the investigation.

Ontario, Negotiation, mediation and arbitration, Ontario. Securities Commission

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Desmarais makes move into U.S

Article Abstract:

The decision of Desmarais family, which runs Great-West Lifeco Inc., to acquire Putnam Investment Trust for $4.6 billion to enter the United States market, is discussed.

Acquisitions & mergers, INSURANCE CARRIERS, United States, Canada, Mergers, acquisitions and divestments, Company acquisition/merger, Insurance industry, Putnam Investments Inc., Great-West Lifeco Inc.

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