Ontario Securities Commission and David Horsley

David Horsley: Under a settlement Monday approved by the Ontario Securities Commission, David Horsley agreed to pay $5.6 million to settle class action lawsuits in Ontario and the U.S. and another $700,000 to the provincial regulator to offset investigative costs. Sino-Forest shines light on Muddy Waters OSC accuses Sino-Forest execs of fraud Sino-Forest to be delisted from TSX , according to Canadian Broadcasting Corporation, CBC. OSC vice-chair James Turner said the chief financial officer is an important gatekeeper in ensuring the integrity of reporting in the financial markets. Investors lost billions The former chief financial officer of Sino-Forest Corp. will pay a total of $6.3 million and testify against other former executives of the China-based forestry company which collapsed under allegations of fraud. Horsley was accused of failing to ensure the company complied with securities law and acting contrary to the public interest. (news.financializer.com). As reported in the news.