Close on the heels of U.S. regulators' investigations of mutual fund trading abuses, the Ontario Securities Commission began probing the Canadian mutual fund industry in November 2003. But unlike the spate of scandals that surfaced in the U.S., only a handful of companies were found to have engaged in shady trading practices.

Speaking at the Economic Club of Toronto last Thursday, OSC Chairman David Brown remarked on the nature of the Canadian probe and its key findings. In conjunction, the commission also released its Report on Mutual Fund Trading Practices Probe.

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