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

Significant insider trading cases on both sides of the border

The first week of December 2016 has proven to be a big one for pursuers of alleged insider traders on both sides of the border. On December 2,...

JPMorgan pays $264 million to settle FCPA investigation over hiring practices in China

On November 17, 2016, J.P. Morgan Chase & Co. (“JPMorgan”) and a subsidiary, JPMorgan Securities (Asia Pacific) Limited...

Cash collateral for derivative arrangements – impact of proposed amendments to PPSA

The Ontario Personal Property Security Act (PPSA) currently does not allow cash collateral to be perfected by “control.” In addition,...

Rewards points – proposed amendments in Ontario could affect hundreds of companies

The offer of rewards points (either through credit card spending or other loyalty programs) has become so ubiquitous in consumer businesses that...

SEC Agrees to $11.8 Million Settlement with Auditor for Alleged Audit Failures

In October 2016, the U.S. Security and Exchange Commission (“SEC”) announced Ernst & Young LLP agreed to pay $11.8 million...

U.S. Department of Labour Fiduciary Rule Survives First Legal Challenge

On November 5, 2016, the United States Department of Labour (the “DOL”)’s Fiduciary Rule for retirement accounts survived the first...

‘A New Day Has Arrived’: Continued Focus on Individual Wrongdoing

The “Yates Memo,” which instructs United States prosecutors to focus on individual wrongdoers when investigating or prosecuting alleged...

Proposed Amendments to Bank Act – Federal Consumer Code for Banks

On October 25, 2016, Bill C-29 received first reading. Division 5 of Part 4 of Bill C-29 amends the Bank Act to consolidate and streamline provisions...

Significant corporate governance changes in proposed amendments to the Canada Business Corporations Act

On September 28, 2016, the Canadian federal government introduced Bill C-25: An Act to amend the Canada Business Corporations Act et al. The proposed...

Penalties Assessed for Untimely Disclosure of Liabilities Arising From an Investigation

On September 9, 2016, the United States Securities and Exchange Commission (“SEC”) charged RPM International Inc. (“RPM”) and...