PwC to Manage Affairs of Bridging Finance Amid Investigation

An Ontario court has appointed PricewaterhouseCoopers to manage the affairs of Bridging Finance Inc., one of Canada’s largest private lenders, pending a regulatory investigation.

The Ontario Superior Court of Justice made the ruling late Friday evening after the Ontario Securities Commission “sought the appointment of a receiver and manager to ensure BFI’s affairs are managed in the best interests of unit holders while OSC staff conduct an investigation into the business activities of BFI and certain of its directors and officers,” according to a statement.

…