The Globe and Mail reports in its Tuesday edition that the Ontario Securities Commission has put its credibility on the line with a lengthy, costly and highly personal prosecution of asset manager Purpose Investments and its founder, Som Seif. The Globe's Andrew Willis writes that Bay Street widely expects the regulator to lose the case and are openly calling for OSC chief executive officer Grant Vingoe to be held accountable. The OSC is spending enormous time, money and reputation on an issue that simply doesn't matter to investors, or the integrity of markets. Last September, the OSC accused Purpose, which oversees $33-billion in assets, and Mr. Seif of "greenwashing" its environmental, social and governance or ESG credentials when marketing funds. When the OSC announced its claims, Mr. Seif called it out for chasing "a political matter. They are trying to find a greenwashing case to go after." A 20-day hearing concluded Friday. The OSC's allegations are based on Purpose marketing campaigns that date back to 2019. The commission argued Purpose exaggerated the extent of its ESG screening of investments. If the tribunal tosses out the allegations against Purpose and Mr. Seif, it would be another loss for the OSC.