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Canadian securities regulators issue warning about crypto trading

On November 21, 2022, the Canadian Securities Administrators (the CSA) issued a warning to investors about elevated risks of trading crypto assets....

Québec Court of Appeal rules on consequence of voluntary disclosure of privileged information made to law enforcement in the context of an investigation

On October 17, 2022, the Québec Court of Appeal in Centre universitaire de santé McGill c. Lemay (Lemay) held that the voluntary disclosure of...

New crypto guidance for federally regulated entities

On November 16, 2022, a joint statement was released to federally regulated entities engaging in crypto-asset activities or crypto-related services...

Transparency International identifies concerns with Canadian enforcement in biannual report

Canada continues to face criticism for a perceived lack of anti-corruption enforcement. Osler’s Malcolm Aboud, Sarah Firestone and Sierra Farr...

Clawing it back: SEC adopts listing standards to prevent executives from benefiting from misstatements in financial statements

New rules adopted by the United States Securities and Exchange Commission introduce clawback requirements in cases where corporate executives benefit...

Ransomware sentence indicative of cross-border cooperation in enforcement of white-collar crimes

A United States court recently sentenced a Canadian citizen to 20 years in prison for his participation in the NetWalker ransomware attacks. The case...

Ontario’s new Capital Markets Tribunal weighs circumstantial evidence in insider trading decision

Allegations of insider trading and tipping can be difficult to prove. Osler’s Lawrence Ritchie, Alex Cobb, Marleigh Dick, Jayne Cooke and...

Canadian crypto update – Ontario enforcement up, regulatory stance hardens

In Canada, the Canadian Securities Administrators (CSA) have made considerable progress in standardizing a regulatory framework for crypto asset...

Cullen Commission releases final report on money laundering in British Columbia

On June 15, 2022, the Commission of Inquiry into Money Laundering in British Columbia led by the Honourable Austin F. Cullen as Commissioner (the...

Ontario Securities Commission provides guidance on ‘trading relationship’ and defence of reliance on legal advice

A recent OSC decision determines when a “trading relationship” exists and when respondents can defend administrative proceedings by...