The Globe and Mail reports in its Friday edition that more than a year after accusing one of Canada's most prominent money managers of greenwashing, the Ontario Securities Commission has laid out its final argument that Purpose Investments Inc. and its founder, Som Seif, misled investors about its environmental, social and governance, or ESG, initiatives. The Globe's Jameson Berkow writes that OSC lawyers made closing arguments Thursday before a three-member adjudication panel of the OSC's Capital Markets Tribunal. The tribunal has held 18 days of hearings in the case, which carries the risk of multimillion-dollar fines against Purpose and career-ending sanctions against Mr. Seif. Purpose and Mr. Seif have called the case politically motivated. The OSC first accused Purpose and Mr. Seif in September, 2025, of making 19 false or misleading statements about the amount of ESG investing practices incorporated in Purpose investment funds. The OSC said Purpose asserted in 2019 that a majority of its funds, equalling roughly 75 per cent of its total assets under management (AUM), were already operating within its new ESG framework. But an analysis conducted by OSC senior forensic accountant Jesse Dufour disputed that claim.