Lawrence E. Ritchie Lawrence E. Ritchie

Division continues amongst Canadian securities regulators regarding best interest standard

Amid division across the Canadian securities regulators, the Ontario Securities Commission appears determined to move forward with a best interest...

U.S. Supreme Court restrains SEC disgorgement powers

Earlier this month, a unanimous Supreme Court of the United States held that in SEC enforcement proceedings, claims for disgorgement must be...

The Eco Oro decision – OSC invokes broad jurisdiction in effectively neutralizing a private placement

The Ontario Securities Commission recently released its reasons for overturning a decision by the Toronto Stock Exchange conditionally approving a...

UK Court holds counsel’s interview notes during internal investigation are not privileged

In a decision released on May 8, 2017, London’s High Court held that interview notes and working papers prepared by a company’s external...

Corporate governance and data issues

The immediate steps you take after a data breach can set the tone for the response and influence how smoothly your organization can move forward from...

Securities and Related Investigations – Canada

We answer a wide range of questions related to the law and practice of securities investigations in Canada.

Québec Court of Appeal finds aspects of the proposed co-operative capital markets model unconstitutional

The Québec Court of Appeal has concluded that while the governance framework for the co-operative capital markets regulatory regime is...

IIROC’s 2016 enforcement report: Increased activity against individuals

The Investment Industry Regulatory Organization of Canada (“IIROC”) recently published its 2016 Enforcement Report (the...

Board’s Role in Crisis Management: Expecting the Unexpected

The impact of a crisis on a business can be felt throughout the organization and could negatively affect not only its reputation, but that of its...

New IOSCO Standard Likely to Yield Increased International Enforcement Cooperation and Integration

It is trite to say that capital markets know no borders. Increasingly, this reality is prompting capital markets regulators and enforcers around the...