Risk Management and Crisis Response Blog

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...

Legal and industry opposition to U.S. Fiduciary Rule may be a harbinger of developments in Canada with proposed introduction of best interest standard

On June 1, 2016, the U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association (SIFMA) and six other industry and trade...

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...

U.S. Court Upholds Five-Year Limitation Period for SEC Disgorgement Remedies

The United States Court of Appeals for the Eleventh Circuit held in its late May judgment in SEC v. Graham that the five-year limitation period set...

Drug testing policies in the wake of Irving – Addressing legitimate safety concerns

Alcohol and drug abuse at the workplace can lead to significant health and safety incidents, particularly in dangerous work environments. To minimize...

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...