The Ontario Securities Commission sent notices to four mutual fund managers, warning them of potential enforcement proceedings for market timing violations. The notices give the companies the opportunity to refute the charges, which are expected to take several months to resolve.

"As we near the end of our investigation into the four fund managers, we are following our routine practice of providing them an opportunity to respond to our concerns and with any reasons why we should not initiate proceedings against them," said OSC Enforcement Director Michael Watson.

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