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Failure to [Coin]Launch – Caution for crypto-asset consultants, advisers and service providers

On July 24, 2019,  the Ontario Securities Commission approved a settlement agreement with CoinLaunch Corp., a service provider in the...

OSC Burden Reduction Initiative – Revisiting the 2003 Regulatory Burden Task Force

As the OSC continues to embark on its Burden Reduction Initiative, we think it is a worthwhile exercise to look back at the Commission’s 2003...

FSRA targets efficient and streamlined regulation for Ontario credit unions, insurers, pension plans, and mortgage brokers

As previously reported, the Ontario government is moving ahead to support financial regulatory reform including by establishing the Financial...

Walmart pays $282 million for FCPA resolution

On June 20, 2019, Walmart entered into a US$282.7 million global settlement with the U.S. Securities and Exchange Commission and Department of...

CSA releases annual enforcement report – focus on collaboration and enforcement in digital world

The Canadian Securities Administrators (CSA) released its annual enforcement report yesterday – aptly titled “Evolving Securities...

OSC Burden Reduction Initiative – Rules-based versus principle-based regulation

As the Ontario Securities Commission (“OSC”) considers how best to implement its burden reduction initiative, there has been significant...

Seeing the forest for the trees: Ontario Court of Appeal dismisses Sino-Forest executives’ appeal of OSC decision

On June 3, 2019 the Ontario Court of Appeal released its decision in Hung et al, v. Ontario (Securities Commission), upholding the ruling of the...

Blockchain company and CEO to pay over $1M for misleading investors

The OSC has approved a settlement agreement with NextBlock Global Limited and its founder and CEO, Alex Tapscott, in connection with misleading...

SEC introduces long-awaited best interest standard

On June 5, 2019, after over a year of debate, the U.S. Securities Exchange Commission adopted its long-awaited Regulation Best Interest: The...

OSC Burden Reduction Initiative – OSC roundtables

In January 2019, the Ontario Securities Commission (“OSC”) announced the formation of a Burden Reduction Task Force aimed at minimizing...