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B.C. Securities Commission investigating two cryptoasset trading platforms

On November 4, 2019, the British Columbia Securities Commission (BCSC) publicly disclosed ongoing investigations into two cryptoasset trading...

Amendments to British Columbia’s Securities Act expand enforcement powers

On October 21, 2019, British Columbia introduced Bill 33 (Securities Amendment Act, 2019), which provides for substantial amendments to the British...

Board and executive diversity remains a focus for regulators: CSA releases its report on women on boards and in executive officer positions

On October 2, 2019, the CSA released its fifth annual report on women on boards and in executive officer positions (the CSA Report). The CSA...

CBC lawsuit against CPC raises questions about use of copyrighted media content in partisan election advertisements

The CBC has commenced a court proceeding against the Conservative Party of Canada (“the CPC”) and others alleging that their unauthorized...

Settlement establishes compensation fund for PlexCoin ICO investors

A U.S. District Court has approved a settlement between the Securities and Exchange Commission (SEC) and the directing minds behind the PlexCoin...

Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1

On September 12, 2019, the Canadian Securities Administrators (CSA) published for comment CSA Notice and Request for Comment Reducing Regulatory...

Ontario establishes a Serious Fraud Office

At the end of August the Government of Ontario launched a new organization tasked with investigating and prosecuting complex white-collar crime. The...

Deviating from Whistleblower Programs may have more risk than payoff

The whistleblower at the heart of the multi-billion dollar Madoff fraud has set his sights on a new target; General Electric Co. Harry Markopolos is...

SFO issues new guidance on corporate cooperation

On August 6, 2019, the U.K.’s Serious Fraud Office (the SFO) – the U.K’s primary enforcement authority for economic crimes –...

OSC Burden Reduction Initiative – Focusing on ‘Principles’ for more responsive and effective regulation

The Ontario Securities Commission’s Burden Reduction Initiative emphasizes the centrality of a risk and principle-based focus to effective...