Pricing 'flaw' prompts Standard Life suit

Article Abstract:

Standard Life Assurance Co., sued George Roy, employee of Ellis-Don Construction Co., for taking advantage of a flaw in the pricing mechanism of its investment funds. Roy countersued for damages to his reputation caused by the suit. Employees of the company who were similarly accused and laid off from the jobs have sued for wrongful dismissal.

Management, Brief Article, Behavior, Standard Life Assurance Co., Employee dismissals, Employment terminations, Employment at will, Roy, George, Ellis-Don Construction Ltd.

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Mutual fund firms review trades

Article Abstract:

After Canadian regulators make accusations against RT Capital Management Inc. for stock-price manipulation, many mutual fund companies including: Investors Group Inc., AGF Management Ltd., and Mackenzie Financial Corp. begin reviewing their own trading histories.

Securities, MacKenzie Financial Corp., Investors Group Inc., RT Capital Management Inc., AGF Management Ltd.

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OSC, firm settle payout to unitholders

Article Abstract:

Toronto, Ont.-based Strategic Value Corp. has been ordered to pay $377,652 to unitholders by Ontario Securities Commission. Strategic Value, which is a mutual fund company, had been accused of overstating the performance of some funds.

Government regulation (cont), Ontario. Securities Commission, Strategic Value Corp.

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