An OSC notice indicates that the proposed settlement will be on a no-contest basis, which means CI would not have to admit to any wrongdoing
Quadrus to pay clients $8 million in compensation
Quadrus self-reported that its funds indirectly overcharged certain clients
Editorial
OSC approves no-contest settlement
Compliance deficiencies led to clients paying excess fees
The $8 million EY payment is consistent with those imposed by the SEC in similar matters
Settlement with audit firm entered into on a no-contest basis
Hearing scheduled to consider the the regulator’s first ever no contest settlement
Four new initiatives intended to strengthen and speed up enforcement