(July 17 – 11:05 ET) – An informal poll by the
According to the story, several firms, including Investors Group Inc., AGF Management Ltd. and Mackenzie Financial Corp. are checking their trading records, typically back to 1997.
Some companies reported that they are satisfied with their existing compliance procedures and aren’t double-checking. These include C.I. Fund Management Inc., Talvest Fund Management Inc. and Altamira Investment Services Inc. A couple of others, Spectrum Mutual Funds Inc. and Clarington Funds Inc., have reportedly completed reviews without uncovering any problems.
“If the allegations are being raised at other companies, you’d be wise to look in your own backyard,” the Globe quotes Allan Hiebert, Investors’ spokeman. “We are also doing another check of our procedures to make sure that we are compliant in all areas of the trading process.”