Regulators in both the U.S. and the UK have recently undertaken significant enforcement action against companies for alleged violations of foreign ant…
Some relief for Crystal Wealth investors eyed as OSC settles with BDO for failure to meet auditing standards
Staff of the Ontario Securities Commission (“OSC”) have once again successfully pursued an audit firm for various failings Staff allege co…
Greater clarity on Prohibited Insider Trading in the United States?
Canadian securities legislation explicitly prohibits trading by insiders who possess material non-public information (MNPI). However, notwithstanding …
British Columbia government consultations on changes to Mortgage Brokers Act and Disclosure of Beneficial Ownership
The Provincial government announced on Friday, January 17, 2020, that it will be accepting feedback on two consultations to assist in its ongoing camp…
Déjà vu all over again: SEC lays fraud charges against former Portus co-founder Boaz Manor
Boaz Manor – the co-founder of the failed investment manager Portus Alternative Asset Management Inc. (“Portus”) – finds himse…
Court of Appeal panel reconstitutes itself as Divisional Court in exceptional case
In Bernard Property Maintenance v. Taylor, 2019 ONCA 830, a panel of the Court of Appeal for Ontario reconstituted itself as a panel of the D…
CSA issues guidance that securities legislation likely applies to custodial cryptoasset trading platforms
On January 16, 2020, the Canadian Securities Administrators (CSA) released CSA Staff Notice 21-327 Guidance on the Application of Securi…
Turning the Page? SNC Pleads Guilty to Fraud Relating to Libya Work; Former Executive Sentenced for Fraud, Corruption
On December 18, 2019 a division of SNC-Lavalin Group Inc. pleaded guilty to fraud in relation to the company’s activities in Libya, to res…
Let’s be “mutually exclusive” – Alternative procedures in the preferable procedure analysis
In the recently released decision Whitehouse v. BDO Canada LLP, Justice Perell rejected the Defendant’s arguments regarding the prefera…
Supreme Court of Canada reshapes standards of review for administrative appeals
In Canada (Minister of Citizenship and Immigration) v. Vavilov, the Supreme Court of Canada recently determined that the appellate standards …
