Canadian regulators get tough on selective disclosure. Adrienne Baker reports
The Ontario Securities Commission, Canada's largest securities regulator, is coming out with new guidelines on selective disclosure. Is this Canada's answer to Regulation FD? Well, not quite. For their part, Canadian regulators have been considering the dangers of selective disclosure. 'We have been looking at this a while now,' proclaims John Hughes, manager of continuous disclosure for the OSC. Soon after selective disclosure tremors hit the US in earnest in fall 1999, the OSC conducted a
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