The Ontario Securities Commission is talking to four prominent Canadian fund companies about settling possible market-timing violations, The Globe & Mail reports.

The companies, Investors Group Inc., CI Fund Management Inc., AGF Management Ltd. and AIC Ltd., are reportedly expected to settle by the end of November on charges that they allowed certain clients to conduct rapid in-and-out trades of mutual fund shares at the expense of longer-term shareholders. Those shareholders, as part of the settlement, would gain restitution.

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