Risk Management and Crisis Response Blog

SEC Announces $2-Million in Whistleblower Awards

Compliance officers, in house counsel, management and board members of public companies are beginning to recognize the realities of external...

Canadian Securities Administrators Release 2015 Enforcement Report

Each year the Canadian Securities Administrators (“CSA”), an umbrella organization of Canada’s provincial and territorial securities...

Cooperative Capital Markets Regulator Releases Proposed Transition Approach

The CCMR has recently posted a summary of its proposed “Transition Approach”. This approach lays out the following transitional principles, with...

Qualcomm pays FCPA fine for hiring relatives of Chinese government officials

On the March 1, 2016, the U.S. Securities and Exchange Commission (SEC) announced that Qualcomm Incorporated (Qualcomm) had agreed to pay a $7.5...

OSC Staff Identify Compliance Issues with Insider Reporting

On February 18, 2016, the Ontario Securities Commission (OSC) staff released a report detailing their findings of a significant level of material...

New Finance Minister Backs Plan for Cooperative National Securities Regulator

The newly appointed Minister of Finance recently affirmed the federal government’s support of a cooperative national securities regulator. Minister...

US Supreme Court Agrees to Hear Challenge to Salman Insider Trading Decision

The U.S. Supreme Court has agreed to hear the challenge to the Ninth Circuit Court of Appeal’s decision in United States v. Salman, a case that...

OSC Reaches No-Contest Settlement with CI Investments

In a major development for securities law enforcement in Ontario, on February 10, 2016, the OSC announced its approval of a “no-contest”...

Defining a ‘Whistleblower’

On December 31, 2015, U.S. District Judge T.S. Ellis III denied an employee whistleblower protection under the Dodd-Frank Act. Rather than reporting...

Lawyer as Gatekeeper: Ending up on the wrong side of the law

There were plenty of headlines in 2015 for Martin Shkreli, the 32-year old former CEO of Turing Pharmaceuticals, who eventually became known as the...