Capital Markets Capital Markets

B.C. Securities Commission issues first administrative penalty under new regime

On November 17, 2023, the B.C. Securities Commission (the BCSC) issued a $12,000 administrative penalty to Capstone Asset Management Inc. (Capstone)...

Long-awaited U.S. Supreme Court ruling curtails SEC’s use of administrative courts

The U.S. States Supreme Court ruled on a decade-long dispute between the SEC and a hedge fund manager.

Securities and Exchange Commission approval of Ether ETFs

The U.S. Securities and Exchange Commission has approved a proposed rule change allowing major exchanges to list Ethereum exchange-traded funds.

BC Hydro’s request for proposals reinforces foundation for Indigenous participation in clean energy future

We address the actions taken by power authorities across Canada to encourage Indigenous participation in new energy-generating projects.

SEC wins novel ‘shadow trading’ trial against biopharma executive

A novel theory of insider trading known as “shadow trading” involves the use of material non-public information about a reporting issuer...

The impact of IFRS 16 on bond and loan covenants — five years out

A little more than five years ago, IFRS 16 Leases took effect and rewrote the accounting rules for classifying leases and lease payments in financial...

CIRO publishes proposals to level the advisor compensation playing field

Earlier this year, the Canadian Investment Regulatory Organization published a consultation paper outlining policy options that would help to level...

Ontario Capital Markets Tribunal clarifies considerations for a private placement in the face of an unsolicited takeover bid in Aimia

The OSC has provided helpful guidance in assessing whether a private placement undertaken in the face of a take-over bid is an improper defensive...

PDAC 2024 delivers mixed signals as attendees look for answers to industry challenges

PDAC 2024 kicked off with a strong start with large crowds and a buzz of optimism seeking answers to industry challenges.

OSC settles allegations relating to cryptocurrency tokens

In a first, Ontario’s Capital Markets Tribunal has approved a settlement agreement related to the promotion and sale of cryptocurrency tokens....