The Ontario Securities Commission is planning to bring market-timing charges against a number of mutual fund companies in Canada within the next few weeks, National Post reports. But the charges are likely to be focused on market-timing abuses, rather than illegal late trading, sources told the Post.

Although the pending action has put mutual fund companies on edge, analysts don’t expect the accusations to result in the massive net redemptions that they have experienced in the U.S. As long as it appears that market timing was prevalent throughout the industry, the investigations don’t move into late trading and the firms involved quickly settle, at least one analyst sees the incident being resolved quickly. "I don’t think we’re going to get that spike in redemptions for the companies that are implicated the way we did in the United States," the analyst said.

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