BAX Securities Law’s Barbara Hendrickson is featured in a recent article in Bloomberg News, “ETF Pioneer Som Seif Fights Back as Canada Regulator Questions ESG Claims,”
The article, by Bloomberg reporter Melissa Shin discusses the events surrounding the Ontario Securities Commission’s (OSC) charges against Purpose Investments and its founder, Som Seif, alleging Purpose had made false and misleading statements about its use of environmental, social and governance (ESG) factors in its investment decisions.
In the article, Barbara noted that despite the outcome of the case against Seif and Purpose, securities regulators will continue to closely scrutinize disclosure statements. She said regulators have warned “that they’re going to be reviewing disclosure very carefully.”
Besides her present position as Securities Partner with BAX Securities Law, the article also notes that Barbara also held a staff position with the OSC. Afterwards she, also was a member of the OSC’s Securities Advisory Committee (SAC) from 2018 to 2021. The SAC provides advice to the OSC and staff on a variety of matters including legislative and policy initiatives and important capital markets trends and brings various issues to the attention of the Commission and staff.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.