Risk Management and Crisis Response Risk Management and Crisis Response

CSA releases annual enforcement report – focus on collaboration and enforcement in digital world

The Canadian Securities Administrators (CSA) released its annual enforcement report yesterday – aptly titled “Evolving Securities...

OSC Burden Reduction Initiative – Rules-based versus principle-based regulation

As the Ontario Securities Commission (“OSC”) considers how best to implement its burden reduction initiative, there has been significant...

Seeing the forest for the trees: Ontario Court of Appeal dismisses Sino-Forest executives’ appeal of OSC decision

On June 3, 2019 the Ontario Court of Appeal released its decision in Hung et al, v. Ontario (Securities Commission), upholding the ruling of the...

SEC introduces long-awaited best interest standard

On June 5, 2019, after over a year of debate, the U.S. Securities Exchange Commission adopted its long-awaited Regulation Best Interest: The...

OSC’s Investor Advisory Panel releases 2018 Annual Report

The challenge of understanding the unique perspectives of consumer level investors led the Ontario Securities Commission (OSC) to establish the...

MFDA boosts enforcement activity in 2018

Canada’s ‘other’ national self-regulatory agency is demonstrating its intention to police the mutual fund distributors it...

UK SFO Speeding Up Investigations

The Director of the U.K.’s Serious Fraud Office (the “SFO”) – the U.K’s primary enforcement authority for economic...

Individual defendant receives three-year sentence for Canadian corruption conviction

On December 17^th, 2018, Quebec’s Superior Court of Justice sentenced Yanaï Elbaz, a former senior manager of the McGill University...

Alberta Securities Commission implements whistleblower program

On November 20, 2018, the Alberta Securities Commission (ASC) announced the creation of its whistleblower program and the Office of the Whistleblower...

DOJ launches FCPA investigation into Major League Baseball

The U.S. Department of Justice (the DOJ) has reportedly commenced an investigation into Major League Baseball centering on alleged Foreign Corrupt...