Canadian regulators reportedly have entered the final stages of a probe involving three prominent North American mutual fund providers. The Ontario Securities Commission launched a probe in November to uncover practices of improper market timing and late trading at CI Fund Management Inc., AGF Management Ltd. and IGM Financial Group, Inc.

Specific details of fines planned for Canadian firms were not revealed in a recent statement from the OSC. Canadian regulators stepped up their efforts soon after more than a dozen U.S. were paid more than $3 million in fines for improper conduct.

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