Fairfax Receives More Requests for Documents in SEC Investigation

September 27, 2005

Toronto-based Fairfax Financial Holdings Limited said that the Group has received a further subpoena from the Securities and Exchange Commission as part of its investigation into certain loss mitigation products.

The subpoena requests documents “regarding any transactions in securities of Fairfax Financial, the compensation for such transactions and the trading volume or share price of such securities,” said the bulletin.

Fairfax and its reinsurance subsidiary Odyssey Re have also received SEC subpoenas in connection with the same investigation earlier this month (See IJ Website Sept. 8)

The announcement said Fairfax is cooperating with the request.

Was this article valuable?

Here are more articles you may enjoy.