Regulatory settlement includes prohibitions and monetary sanctions
The court awarded aggravated and punitive damages, and granted a permanent injunction
PwC says KPMG stepped down as funds' auditor earlier this month
The settlement follows the firm's liquidation last year
Judge asks PwC to provide input on counsel for investors
PwC will hold a two-stage sale for the fund manager and its assets
The receiver plans to file materials next week seeking court approval for a sale process
Companies and investment funds tapped investors in private and public markets, the BCSC reported
Some investors may see a zero on their June 30 statements
The latest report to investors shows the majority of funds' assets have yet to be classified