In R. v. Tinker, the Court of Appeal for Ontario denied certain appellants (the “Tinker appellants”) leave to pursue a challenge …
Divisional Court confirms that stiff penalties for securities fraudsters are warranted, even if they did not pocket the proceeds
In the recent case of North American Financial Group Inc. v Ontario Securities Commission, 2018 ONSC 136, the Ontario Divisional Court dismissed an ap…
Ontario court finds Ontario law applies to purchases over foreign stock exchange
In Paniccia v. MDC Partners Inc., 2017 ONSC 7298, the Ontario Superior Court of Justice determined that Ontario was the most appropriate foru…
Canadian Anti-Money Laundering Law: What you need to know about compliance program requirements
If you (as an individual or a business) are subject to the requirements of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act
Mandatory new Canadian data breach obligations expected to take effect in 2018
Strict new Canadian security breach notification requirements are expected to be finalized and come into force during 2018. The requirements will impo…
Tough sledding in seeking costs on discontinuance in the Federal Court
With its decision in Dennis v Canada, 2017 FC 1011, the Federal Court has reaffirmed the “no costs” approach for plaintiffs who d…
CSA Staff Notice highlights concerns with Registered Firms’ Complaint System
On December 7, 2017, the Canadian Securities Administrators (CSA) jurisdictions and staff of the Investment Industry Regulatory Organization of Canada…
Regulators continue cross-border crackdown on allegedly fraudulent initial coin offering
Québec’s Autorité des marchés financiers (AMF) and the U.S. Securities and Exchange Commission (SEC) have escalated efforts to shut down the all…
Turning yourself in: the Alberta Securities Commission strengthens incentives for self-reporting
With its recent implementation of the
Walmart sets aside US$283 million to potentially resolve FCPA allegations
Wal-Mart Stores Inc. announced in a November 16, 2017 filing with the U.S. Securities and Exchange Commission (“SEC”) that it has set asid…
