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Gatekeepers failed in Norbourg case, AMF says

Financial gatekeepers like auditor KPMG and securities
custodian Northern Trust – rather than the Autorité des marchés
financiers – are to blame for 9,200 investors in Vincent Lacroix's
Norbourg Group of mutual funds being bilked out of $115 million, the
province's securities regulator insists.

MIKE KING

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