Lawrence E. Ritchie Lawrence E. Ritchie

Canadian securities regulators publish results of review of conflicts of interest practices

On August 3, 2023, Canadian securities regulators released the findings of their joint review of conflicts of interest practices at 172 investment...

Regulators’ data breach response signals challenges to compliance with its own rules

The SEC’s recent statement revealing the true impact of an internal data breach highlights the potential challenges of complying with its own...

A ripple in the pond of crypto regulation: The U.S. District Court’s ruling in SEC vs. Ripple

A recent U.S. District Court ruling indicates that certain digital tokens may be outside the regulatory jurisdiction of American securities...

IOSCO unveils consultation report on global crypto regulation

The International Organization of Securities Commission has published a consultation report which aims to address market integrity and investor...

Ontario Superior Court provides guidance on the bribery offence under the CFPOA

Enforcement proceedings under Canada’s Corruption of Foreign Public Officials Act have been relatively infrequent. A recent Ontario decision...

B.C. Supreme Court rules that firms cannot be liable for internal investigations into misconduct

An effective compliance program is one of the best risk management tools that businesses have at their disposal — but conducting an internal...

Québec Court of Appeal clarifies elements of fraud offence for corrupt conduct

The Québec Court of Appeal dismissed an appeal seeking to overturn a 2019 conviction for fraud, corruption of foreign officials and laundering...

OSC’s Whistleblower Program has awarded over $9.33 million since 2016

The Ontario Securities Commission announced that tips from whistleblowers have resulted in $48 million in sanctions and payments since introducing...

British Columbia Securities Commission levies $1.5 million in sanctions on trio of investment scammers

In December, the British Columbia Securities Commission banned three actors from the capital markets for life after defrauding investors in a battery...

U.S. capital markets regulators crack down on recordkeeping and unapproved communication methods

The rise of alternative messaging applications poses challenges for many firms’ recordkeeping obligations. Lawrence Ritchie, Sarah...