Risk Management and Crisis Response Blog

JSOT-led Investigation Leads to Guilty Pleas and Sentences for Hospital Privacy Breach

In a matter that sees the intersection of securities regulation and the protection of personal information, the OSC last week announced that four...

When Should Corporations Disclose Regulatory Enforcement?

A Delaware judge dismissed a lawsuit on May 16 by Wal-Mart Stores Inc. shareholders who had alleged the corporation’s management had covered up...

CSA Consultation Paper: Proposals to Enhance the Obligations of Advisers, Dealers and Representatives toward their Clients

On April 28, 2016, the Canadian Securities Administrators (CSA) published a consultation paper seeking public comment on proposals to strengthen the...

Significant Developments in Whistleblower Payouts and Protections Continue to Attract Attention

Whistleblower protections and significant bounties paid to whistleblowers in the U.S. continue to make headlines, just as issuers in Canada brace for...

Feds Release Revised Draft of Legislation to Curtail Systemic Risk in Capital Markets

In the latest step toward establishing the Cooperative Capital Markets Regulatory Authority, the Department of Finance Canada has released a revised...

Whistleblower Incentive Programs Continue to Gain Traction as the U.S. CFTC Announces $10-million Payout

With the Ontario Securities Commission’s new incentive-based whistleblower program now on the horizon, recent awards under comparable whistleblower...

British Columbia Case Demonstrates the Jurisdictional Reach of Provincial Securities Regulators

A recent case from the British Columbia Court of Appeal is illustrative of the power of provincial securities regulators to penalize misconduct in...

US Department of Justice Launches Pilot Program to Encourage Self-Reporting, Cooperation and Remediation of FCPA Violations

Last week the US Department of Justice (DOJ) announced the implementation of a pilot program under the US Foreign Corrupt Practices Act (FCPA). The...

IOSCO Report on Cyber Security in Securities Markets

In a climate where cyber risk is a rapidly “growing and significant threat to the integrity, efficiency and soundness of financial markets...

CSA Publishes Proposals for Proxy Vote Reconciliation

On March 31, 2016, the Canadian Securities Administrators (the “CSA”) published for comment proposed protocols with respect to proxy vote...