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Ontario Superior Court denies leave in securities class action against Wheaton Precious Metals Corp.

Denying leave to commence a secondary market securities class proceeding last week, the Ontario Superior Court of Justice underscores the courts’...

Leave requirement in securities class actions: “More than a speedbump, less than the Matterhorn”?

The Ontario courts have confirmed their willingness to dispose of unmeritorious secondary market proceedings at a preliminary stage.

Staff successfully appeals decision of its own self-regulatory organization

Staff of the Mutual Fund Dealers Association of Canada successfully appealed a decision of its own self-regulatory organization hearing panel last...

A look back at IIROC’s enforcement activities: Early resolution offers, more sanctions, and more hearings

The COVID-19 pandemic brought with it a host of novel issues that have had an impact on markets, companies, investors and consumers. Without a doubt,...

Tips and awards: the OSC and SEC whistleblower programs report milestones

The enforcement team at the Ontario Securities Commission (the “OSC”) is emphasizing the unique role that industry experts should play in...

Deviating from Whistleblower Programs may have more risk than payoff

The whistleblower at the heart of the multi-billion dollar Madoff fraud has set his sights on a new target; General Electric Co. Harry Markopolos is...

OSC Seeks Input on Priorities for 2019-2020

On March 28, 2019, the Ontario Securities Commission (“OSC”) published for comment its 2019-2020 Draft Statement of Priorities. Notable...

Ontario and Québec regulators join the “Global Sandbox”

On August 7, 2018, the United Kingdom’s Financial Conduct Authority (FCA) announced the creation of the Global Financial Innovation Network...