OSC staff, keybase president reach settlement agreement

Article Abstract:

Keybase Financial Group president Dax Sukhraj has reached a settled agreement with the Ontario Securities Commission (OSC) over his alleged actions which are contrary to public interests. Sukhraj has reneged on his promise to reimburse three elderly investors who lost money when they were clients of Provident Financial Services Inc in 1997. Sukhraj, who was then the chairman of the Investment Funds Institute of Canada, asked the OSC to delay taking actions against Provident because he was planning to take over part of its business.

Executive changes & profiles, Keybase Financial Group

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Hollinger share sale faces big hurdles

Article Abstract:

Hollinger Inc., which is a holding company owned by Conrad Black, is trying to sell a major block of Hollinger International Inc. shares. But the sale of five million to ten million shares to Southeastern Asset Management Inc. faces numerous problems.

United States, Acquisitions & mergers, Mergers, acquisitions and divestments, Financial services industry, Company acquisition/merger, Newspaper publishing, Hollinger International Inc., HLR, Hollinger Inc., Southeastern Asset Management Inc.

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