Ontario’s securities watchdog is facing pressure from the Ontario government to open up access to high-risk investments, called private asset funds, to regular, retail investors, according to exclusive reporting by The Globe and Mail. Industry experts warn that this unusual move could lead to investors’ money being locked up for years in long-term real estate or infrastructure projects that have extremely complex fee structures.
Report on Business reporters Clare O’Hara and Jameson Berkow explain how this new proposal from the Ontario Securities Commission came about and what might be driving the Ford government to change the rules.
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