Lawrence E. Ritchie

SEC Enters into Two Non-Prosecution Agreements for Alleged FCPA Violations

In June 2016 the US Securities and Exchange Commission (SEC) announced that it had entered into two non-prosecution agreements (NPAs) with two...

SEC Continues to Penalize Companies which Restrict Whistleblowing or Seek Waiver of Payment of Whistleblower Incentive Payments

As whistleblower initiatives build steam in Canada, the United States and throughout the world, executives, and board members face evolving...

Three Scotia Dealers Reach No-Contest Settlement with OSC

On July 29, 2016, the Ontario Securities Commission approved a no-contest settlement agreement with three Bank of Nova Scotia dealers in connection...

Initial Board of Directors and New Implementation Timelines Announced for Canada’s Securities Regulatory Regime

In an important step towards implementing Canada’s Cooperative Capital Markets Regime, the participating jurisdictions have made the long awaited...

The Long-Awaited OSC Whistleblower Program Is Now In Force

On July 14, 2016, the Ontario Securities Commission (the “OSC”) broke ground in Canada when it officially launched its widely anticipated Office...

Expert panel proposes “radical change” after mandate reviews of Ontario financial regulators

Ontario’s Minister of Finance has released the Final Report regarding the mandate reviews of the Financial Services Commission of Ontario (FSCO),...

Questions Raised Over the Constitutionality of SEC Administrative Proceedings

As noted in previous articles, Canada and the US have different approaches to regulatory enforcement. Canadian securities regulators overwhelmingly...

OSC Announces Launch Date for its Whistleblower Program

In a much-anticipated announcement, the Ontario Securities Commission said on June 16th that it will officially launch its rewards-based...

The SEC Makes Another Huge Whistleblower Award

As the Ontario Securities Commission  (“OSC”) inches towards  unveiling  its version of  its American counterpart’s whistle blower...

JSOT-led Investigation Leads to Guilty Pleas and Sentences for Hospital Privacy Breach

In a matter that sees the intersection of securities regulation and the protection of personal information, the OSC last week announced that four...