Canadian securities regulators are investigating the trading activities of pension funds and mutual fund companies. The British Columbia Securities Commission asked fund managers for trading records covering six separate days from December through June and requested tapes or transcripts of taped discussions about stock transactions.
Regulators from the Alberta Securities Commission and the Ontario Securities Commission have requested similar information from fund managers.
Langley Evans, deputy director of enforcement at the BCSC, said, I can confirm that a review is under way, but I cant talk about the details about what firms (are being investigated) and the nature of the inquiries.
The investigation follows a stock manipulation scandal at RT Capital Management, the pension fund management arm of Royal Bank of Canada.