Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

U.S. court limits application of FCPA for non-resident foreign nationals

A U.S. court has found the jurisdictional reach of the Foreign Corrupt Practices Act (FCPA) does not extend to non-resident foreign nationals when...

Commodity Futures Trading Commission announces major whistleblower awards as the Securities Exchange Commission dials back payouts

The U.S. Commodity Futures Trading Commission (CFTC) announced on August 2, 2018 that it had made multiple whistleblower awards totalling more than...

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...

OSC issues long-awaited sanctions decision in Sino-Forest case

A year after issuing its ruling on the merits, the Ontario Securities Commission has handed down its decision on punishments for the former...

IIROC’s enforcement authority gets a stronger legal backbone

The Investment Industry Regulatory Organization of Canada (IIROC) recently released its 2017 Enforcement Report. Chief among this past...

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...

CSA publishes harmonized response to concerns regarding client-registrant relationship

On June 21, 2018, the Canadian Securities Administrators (CSA) released two published notices concerning investor protection initiatives.  The...

The AMF is called to order by the Québec Superior Court

In a rare judgment, the Québec Superior Court dismissed an administrative decision rendered by the Autorité des marchés financiers (the AMF, the...

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....