CI Financial controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2016
Mutual-fund net asset value calculation settlement
CI reached a no-contest settlement after certain mutual-fund net asset values were calculated without properly accounting for interest earned during 2009–2015. The arrangement provided C$156 million to about 360,000 investors, plus an additional C$8 million voluntary payment to the Ontario Securities Commission.
2004
Market-timing settlement
The Ontario Securities Commission approved a settlement involving market-timing trades by third parties in certain CI-managed mutual funds. CI agreed to provide C$49.3 million to affected investors.