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Recent guilty plea demonstrates that criminal liability for corruption may extend to corporate officers

On February 1, 2019, former SNC-Lavalin CEO Pierre Duhaime pleaded guilty to breach of trust for his role in connection with the bribery scheme...

OSC seeks to reduce regulatory burden in step with Ontario Red Tape Initiative

The Ontario Securities Commission announced on January 14, 2019 that its Burden Reduction Task Force, in coordination with the Ministry of Finance,...

Mixed results in British Columbia white collar enforcement proceedings

Two high-profile cases in late 2018 demonstrate both the potentially grave consequences of securities law violations and the difficulties prosecutors...

Second Circuit upholds insider trading conviction in Gupta v. United States

In a summary order released on January 7, the Second Circuit Court of Appeals in Gupta v. United States upheld the insider trading conviction of...

Individual defendant receives three-year sentence for Canadian corruption conviction

On December 17^th, 2018, Quebec’s Superior Court of Justice sentenced Yanaï Elbaz, a former senior manager of the McGill University...

OSC approves $30 million settlement with Katanga over financial misstatements and failure to disclose DRC risks

Reflecting the trend toward increasing monetary penalties, the Ontario Securities Commission (the “OSC”) accepted an eye-popping $30...

Recent initial coin offerings settlements show broadening SEC enforcement campaign

A series of recently announced settlements relating to initial coin offerings (ICOs) show the continuing efforts of the U.S. Securities and Exchange...

Alberta Securities Commission implements whistleblower program

On November 20, 2018, the Alberta Securities Commission (ASC) announced the creation of its whistleblower program and the Office of the Whistleblower...

Financial Consumer Agency of Canada to conduct investigation into consumer complaint processes

In its Fall Economic Statement released November 21, 2018, the Government of Canada detailed upcoming initiatives and legislative amendments...

SEC charges token trading platform founder for operating unregistered securities exchange

A settlement recently announced by the Securities and Exchange Commission (SEC) highlights the risk of personal liability for individuals who develop...