Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

SEC announces $82-million in whistleblower awards

On March 19, 2018 the SEC announced its largest whistleblower award to-date, awarding $49,000,000 jointly to two claimants and $33,000,000 to a third...

Regulators on both sides of the border pursue initiatives focused on investment adviser conflicts of interest

On February 12, 2018, the U.S. Securities and Exchange Commission (“SEC”) announced a new self-reporting initiative that seeks to protect...

U.S. Bancorp pays $613-million for deficient AML measures

On February 12, 2018, U.S. Bancorp (“USB”) – the parent company of U.S. Bank and the fifth largest bank in the United States...

Canadian Federal Budget 2018 – Impact on financial sector

On February 27, 2018, the Canadian federal government introduced the 2018 federal budget (Budget 2018).  The budget plan document includes a...

Government announces results of consultation on addressing corporate wrongdoing: Deferred prosecution agreement regime to be introduced in Canada

It appears that Canada is moving one step closer to joining other jurisdictions that permit deferred prosecution agreements (“DPAs”), in...

Canadian government publishes consultation paper proposing wide-ranging amendments to anti-money laundering legislation

On February 7, 2018, the Canadian federal government released a consultation paper for comments that has far-reaching implications for compliance...

SEC announces its 2018 enforcement priorities

The Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) recently...

Court of Appeal upholds significant OSC insider trading decision in Finkelstein

On January 25, 2018, the Ontario Court of Appeal released its decision in the high-profile Finkelstein v Ontario Securities Commission case,...

Oral summaries thwart work product protection: The case of SEC v. Herrera

In Securities and Exchange Commission v. Herrera, 2017 WL 6041750 (S.D. Fla. December 5, 2017), a U.S. Magistrate Judge in the Southern District...

OSC proposes changes to whistleblower program

On January 18, 2018, the Ontario Securities Commission (“OSC”) released for comment a proposed change to OSC Policy 15-601 -...