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CI Investments to return $156 million to ‘harmed investors’ in OSC settlement

A no-contest settlement is a form of settlement recently adopted by the OSC that does not require an admission of wrongdoing.

CI Investments Inc. has entered a no-contest settlement with the Ontario Securities Commission that will begin to see the fund management firm return $156.1 million to “harmed investors” after self-reporting errors in calculating fund unit values.

The regulator said Wednesday it is the biggest quantity of investor compensation to date in a no-contest settlement — a kind of settlement recently adopted by the OSC that does not require an admission of wrongdoing.   

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