The OSC issued a notice of hearing and statement of allegations naming former CEOs Gerald Soloway and Martin Reid, as well as current CFO Robert Morton and the company itself. ( Lucas Oleniuk / Toronto Star file photo )Staff with Ontario’s securities regulator alleged on Wednesday that two former CEOs and the current CFO of Home Capital Group Inc. broke the law in their handling of a scandal involving falsified loan applications. The Ontario Securities Commission issued a notice of hearing and statement of allegations naming the company and former chief executives Gerald Soloway and Martin Reid. Soloway and Reid also made statements on a 2015 conference call that were materially misleading or untrue, staff alleged. The OSC staff are seeking to prevent the men from acting as directors or officers.

Source: thestar April 20, 2017 18:00 UTC