The deal between the alternative mortgage lender and Warren Buffet's company is expected to close on June 29
The announcement comes after the company agreed last week to settle both an OSC case and a class-action lawsuit filed by investors.
Some former company executives will pay administrative penalties and be barred from acting as a director or officer of a public company
The sanctions show that the province's regulatory system is protecting the public interest, Ontario finance minister says
James Lisson will replace John Marsh
The mortgage lender says it expects to have $125 million deposited in its high interest savings accounts by the end of Friday
The proposed sale is to designed to give the company the ability to continue serving as many customers as possible
Company names new chairwoman, directors
Alan Hibben replaces Gerald Soloway
The regulator’s allegations have prompted some customers to pull their deposits