Represent Manulife Securities in investigations/proceedings beginning in 2005 and which are ongoing.
Portus was an investment counsellor and portfolio manager. Portus offered its clients a principal-protected note product linked to a basken of hedge funds. Portus raised approximately $800 million from the public to invest in various tranches of a principal-protected note product. The Ontario Securities Commission shut down Portus in February 2005.
A class action against Manulife Securities was withdrawn; other matters are on-going.