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Article content Two trading platform subsidiaries of financial data and technology company Bloomberg L.P. are seeking to settle Ontario Securities Commission allegations that they operated in Canada without proper authorization and failed to provide candid, accurate and complete information to regulators. A hearing is scheduled to take place on Dec. 18 at 10 a.m. We apologize, but this video has failed to load. Try refreshing your browser, or Bloomberg units processed US$230 billion in trades in Ontario without proper authorization, OSC alleges Back to video In a 13-page statement of allegations made public on Wednesday, the OSC accused the two “sophisticated” subsidiaries Bloomberg Trading Facility Ltd., and Bloomberg Trading Facility B.V. of failing to obtain permission or exemption to operate a marketplace in the province, as required by law.

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