Risk Management and Crisis Response Blog

OSC Panel To Consider Livent Co-Founder Drabinsky’s Sanction

Having already served his time following a fraud conviction over 5 years ago, a panel of the Ontario Securities Commission will ultimately have to...

Alberta Securities Commission considering whistleblower program with no financial rewards

The Alberta Securities Commission recently announced its three-year Strategic Plan, which is targeted at “reacting to Alberta’s changing...

Ontario Court Acquits Former SNC-Lavalin Executives in Foreign Corruption Case

In a significant setback to the enforcement of foreign corrupt practices in Canada, three individuals – including two former SNC-Lavalin...

Former General Counsel of Bio-Rad is Awarded $8 million for Employer Retaliation Claim Following Whistleblower Report

While massive awards paid out by regulators to whistleblowers continue to dominate headlines, a U.S. jury recently awarded a significant damages...

ISDA and other associations ask for extension for Variation Margin Requirements

On February 7, 2017, multiple organizations — The International Swaps and Derivatives Association (ISDA), the Global Financial Markets...

DOJ enters into non-prosecution agreement with Las Vegas Sands Corporation over alleged FCPA violations

Deferred or non-prosecution agreements are not a feature of the Canadian enforcement landscape, but are used effectively in a number of other...

CSA Proposes to Discontinue Embedded Commissions for Investment Fund Sales and Transition to Direct Pay Arrangements

On January 10, 2017, the Canadian Securities Administrators (CSA) published for a 150-day comment period CSA Consultation Paper 81-408 - Consultation...

Ignored Employee Turns Key Source in Proceedings Brought Against Former Hedge Fund Bosses

Former Visium Asset Management LP trader, Jason Thorell’s cooperation with the SEC Whistleblower Program and other US federal agencies has...

Charges Laid for $1 Billion Investment Fraud – Although Red Flags Existed for Years

Hedge fund founder Mark Nordlicht was charged last December by both the US Department of Justice (DOJ) and the Securities and Exchange Commission...

Divisional Court Upholds Significant OSC Insider Trading Case

Recently, we provided a brief update on the release of the Finkelstein v. Ontario (Securities Commission) appeal decision (update available here),...