The OSC filed an enforcement action against Mr. Seif and his company, claiming both made false or misleading statements about environmental, social and governance investing.

One of Canada’s most well-known money managers is facing allegations of greenwashing from the Ontario Securities Commission, charges that put Purpose Investments Inc. founder Som Seif at risk of being banned from the investment industry.

Late Friday, the provincial market regulator filed an enforcement action against Mr. Seif and his company, claiming both made false or misleading statements about environmental, social and governance, or ESG, investing. The OSC cited 19 occasions between September, 2019, and March, 2023, when Mr. Seif or Purpose publicly claimed to consider ESG factors when making investment decisi

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