Purpose Investments’ lawyer argues OSC presenting false narrative in greenwashing case
The Ontario Securities Commission (OSC) is pursuing a case against Som Seif and Purpose Investments for allegedly making false statements regarding ESG investing. Seif's lawyer argues that the OSC is presenting a misleading narrative and failed to substantiate its claims. The hearings are expected to continue for several months as both sides present their arguments.
- ▪The OSC alleges that Purpose and Mr. Seif made 19 false or misleading statements about ESG investing.
- ▪Seif's lawyer claims the OSC is selectively presenting information to construct a false narrative.
- ▪The hearings are scheduled to continue through September.
Opening excerpt (first ~120 words) tap to expand
ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanada’s largest market watchdog is trying to drive a square peg through a round role in its greenwashing case against Som Seif and Purpose Investments Inc., Mr. Seif’s lawyer argued Wednesday during the second day of hearings into what is expected to be a months-long legal battle.The Ontario Securities Commission alleges that Purpose and Mr. Seif, one of Canada’s best-known money managers, made 19 false or misleading statements about environmental, social and governance, or ESG, investing over several years.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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