The Globe and Mail reports in its Thursday, April 20, edition that Home Capital Group and three of its current or former executives are being accused of making false and misleading statements to the public. The Globe's Christina Pellegrini writes that the Ontario Securities Commission alleges disclosures Home Capital made in 2015 breached Ontario securities laws, have caused "significant investor harm" and eventually led to a nearly 19-per-cent drop in Home Capital's stock price once the information was released in July, 2015, wiping out $600-million in market value the following day. In a statement Wednesday, Home Capital said that it has carefully considered its disclosure obligations. Home Capital said, "The allegations will be vigorously defended." The OSC's allegations have not yet been proven. In a statement of allegations, the OSC said former Home Capital boss Gerald Soloway, as well as its then-president Martin Reid, did not properly disclose material information they had learned after a six-month internal investigation, dubbed "Project Trillium," which found that certain mortgage brokers in its network were submitting fraudulent employment-income documentation.