Home Capital Group Inc. shares touched a one-year low on Thursday, a day after the Ontario Securities Commission launched proceedings against the Toronto-based mortgage lender and some of its current and former executives. On the TSX, Home Capital's shares fell more than 20 per cent, dropping $4.61 to close at at $17.71. Soloway and Reid also made statements on a 2015 conference call that were materially misleading or untrue, staff alleged. In response, Home Capital said it believes it satisfied disclosure requirements and vowed to defend itself against the allegations. "Because this is a regulatory matter, we will not be commenting further on the OSC proceeding at this time."

Source: CBC News April 20, 2017 17:49 UTC