https://www.zerohedge.com/markets/1-trillion-labyrinth-canadas-brookfield-questioned-fts-dan-mccrum-self-dealing-complexBeing a financial professional there can be legal loopholes and accounting rules to exploit...and without access to data it will be hard to ferret out any funny business...
And not knowing how Canadian rules match US rules for subsidiaries and divisions...but instinctually I view balance sheet games inherently sketchy.
Most ethical financial folks will go to great lengths (and there are many laws on the books governing this) to ensure their balances sheets are pristine...if there is noise in cleanup good or bad (usual it leans more to the unfavorable) it goes to the income statement.
Now, I don't know real estate transactions and insurance business as well as I know manufacturing, banking and healthcare...but shifting burdens on policyholders seems a red flag to me.
They don't mention who their external auditor is, that'd be nice to know.
Mark this outfit for any new developments.
