Article: Court setbacks add to Ontario commission's woes; Takes more hits in the media after failed prosecutions.(News)

Byline: David Clarke

OTTAWA - The Ontario Securities Commission is playing catch-up after a slew of embarrassing court decisions that have led to a spate of negative editorials and op-ed articles.

Typical of the press reaction were the comments of Al Rosen, a forensic accountant with Toronto-based independent equity research firm Accountability Research Corp. "It's clear that the OSC simply isn't doing its job,'' he wrote in the Toronto-based Financial Post on March 15. "Many high-profile investigations are almost a decade old. Some have been a complete flop, and others, it seems, never got off the ground. The glacial speed of procedure at the OSC is ...

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