Risk Management and Crisis Response Risk Management and Crisis Response

Deferred Prosecution Agreements (DPAs) come into force in Canada

On September 19, 2018, amendments to Criminal Code came into force establishing for the first time a Deferred Prosecution Agreement (DPA) regime for...

Ontario and Québec regulators join the “Global Sandbox”

On August 7, 2018, the United Kingdom’s Financial Conduct Authority (FCA) announced the creation of the Global Financial Innovation Network...

Alberta Securities Commission dismisses application for interim cease trade order against shortseller for disparaging tweets

On August 15, 2018, a two-member panel of the Alberta Securities Commission (“ASC”) dismissed an interim cease trade application by ASC...

Tesla CEO Elon Musk’s tweet raised alarms about a potential securities violation

On August 7, Tesla co-founder and CEO Elon Musk tweeted “Am considering taking Tesla private at $420. Funding Secured.” Mr. Musk has a...

200 tips in two years: The continued progress of the OSC’s Whistleblower Program

On June 29, 2018, the Ontario Securities Commission (“OSC”) released an update detailing the progress of its Whistleblower Program. As we...

Nike withdraws from supplying Iranian World Cup Team over sanctions concerns

Nike announced on June 11, 2018 that it would withdraw from supplying shoes to players on the Iranian national soccer team as a result of U.S....

Alberta Securities Commission to allow no-contest settlements in some cases

On Friday, May 4, 2018, the Alberta Securities Commission (“ASC”) announced an addition to the Credit for Exemplary Cooperation in...

Ontario Securities Commission places mutual fund sales practices under scrutiny again

As part of a recent Settlement Agreement, the Ontario Securities Commission has ordered 1832 Asset Management LP (“1832”), a...

U.S. financial industry “eagerly” awaits SEC’s best interest standard

While in Canada division continues over the issue of “best interest” in the financial advisory industry the U.S. national securities...

Compliance update – deferred prosecution agreements finally come to Canada

The Canadian federal government released Bill C-74 on March 27, 2018. Bill C-74 (a 500-page plus document) proposes amendments to several statutes to...