Risk Management and Crisis Response Risk Management and Crisis Response

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...

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...

Compliance is starting to break the bank — it doesn’t have to

On February 21, 2024, LexisNexis Risk Solutions published its True Cost of Financial Crime Compliance Study, reporting on the results of a global...

Duty of procedural fairness that would be owed to witnesses in issuing summonses under the Securities Act is minimal

A recent British Columbia Court of Appeal decision confirmed that, amongst the very limited avenues that witnesses have to challenge a regulatory...

Law 25: a new enforcement scheme for protection of personal information in the private sector in Québec

On September 22, 2023, the majority of the amendments to the Québec privacy legislation introduced in the Act to modernize legislative...

ESG and shareholder activism: key tips for issuers

Shareholder activism is on the rise in Canada. Investors are closely monitoring environmental, social and governance (ESG) related disclosure,...

Law 25: a new enforcement scheme for protection of personal information in the private sector in Québec

Last fall, several significant amendments to Québec’s privacy legislation, Law 25, came into force. What do organizations need to consider when...

More complaints and more investigations: highlights from CIRO’s inaugural Enforcement Report

The Canadian Investment Regulatory Organization released a report on its enforcement activities for its first year of operations. Lawrence Ritchie,...

A tempest of change: impact of climate-related litigation and regulation

It was a year of significant change for climate-related litigation and regulation in 2023. The volume of climate litigation increased significantly...

CSA and CIRO review comments but come to no conclusion (yet) on short selling regulatory regime

The Canadian Securities Administrators and the Canadian Investment Regulatory Organization have released stakeholder comments and responses solicited...