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OSC Fines Mutual Fund Manager $1.5 Million in Relation to Prohibited Payments and Gifts Violations

The Ontario Securities Commission has ordered Sentry Investments Inc. (“Sentry”) to pay a $1.5 million administrative penalty for...

DOJ announces extension for its FCPA cooperation pilot program

White collar law enforcers and regulators rely heavily on tips and voluntary reporting to enhance their enforcement capabilities. As discussed...

Canada’s 2017 Budget – Regulatory implications for Canada’s financial sector

Canada’s Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017.  For financial institutions...

CSA Releases Annual Enforcement Report

On February 27, 2017, the Canadian Securities Administrators (“CSA”), the umbrella organization of the Canadian provincial capital...

Wal-Mart secures dismissal of New York shareholder lawsuit

Wal-Mart Stores Inc. scored a legal victory on February 27, 2017 by securing the dismissal of one of a series of lawsuits arising from bribery...

OSC Panel To Consider Livent Co-Founder Drabinsky’s Sanction

Having already served his time following a fraud conviction over 5 years ago, a panel of the Ontario Securities Commission will ultimately have to...

Alberta Securities Commission considering whistleblower program with no financial rewards

The Alberta Securities Commission recently announced its three-year Strategic Plan, which is targeted at “reacting to Alberta’s changing...

Ontario Court Acquits Former SNC-Lavalin Executives in Foreign Corruption Case

In a significant setback to the enforcement of foreign corrupt practices in Canada, three individuals – including two former SNC-Lavalin...

Former General Counsel of Bio-Rad is Awarded $8 million for Employer Retaliation Claim Following Whistleblower Report

While massive awards paid out by regulators to whistleblowers continue to dominate headlines, a U.S. jury recently awarded a significant damages...

ISDA and other associations ask for extension for Variation Margin Requirements

On February 7, 2017, multiple organizations — The International Swaps and Derivatives Association (ISDA), the Global Financial Markets...