Risk Management and Crisis Response Risk Management and Crisis Response

Corporate whistleblower rewarded pursuant to the False Claims Act

Sanofi-Aventis has been rewarded $38.7 million for its role as a whistleblower in a settlement between another major pharmaceutical company and the...

OSC panel approves $12.5 million settlement with Home Capital Group Inc.

On August 9, 2017 a panel of the Ontario Securities Commission approved a settlement agreement with Home Capital Group Inc. and three of its former...

OFAC announces two major sanctions fines in July

This past July, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced two major fines for sanctions...

FINRA announces new initiatives to address “bad actor” brokers

In May, the U.S. Financial Industry Regulatory Authority (“FINRA”) Board of Governors approved a set of proposals as part of...

OSC releases long-awaited decision in Sino-Forest case

Six years after short seller Muddy Waters issued a report damning Sino-Forest Corporation as a fraud and a Ponzi scheme, the Ontario Securities...

VC and PE firm codes of conduct

Recent events at certain venture capital (VC) firms in Silicon Valley have brought into focus the importance of VC and private equity firms adopting...

Ontario Court of Appeal breathes some life into anti-corruption pursuits

On July 6, 2017, the Ontario Court of Appeal upheld Canada’s first conviction under the Corruption of Foreign Public Officials Act (the...

Division continues amongst Canadian securities regulators regarding best interest standard

Amid division across the Canadian securities regulators, the Ontario Securities Commission appears determined to move forward with a best interest...

U.S. Supreme Court restrains SEC disgorgement powers

Earlier this month, a unanimous Supreme Court of the United States held that in SEC enforcement proceedings, claims for disgorgement must be...

Let’s make a deal[er] – 2016 a record year for MFDA enforcement activity

In a May 26, 2017 press release, the Mutual Fund Dealers Association of Canada (“MFDA”) announced its 2016 Annual Enforcement Report,...