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

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...

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...

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...

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...

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...

Ontario government releases fall economic statement: Modernizing financial services

On November 6, 2019, the Ontario government released its fall economic statement, 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build...

‘Green’ governance: CSA outlines expectations regarding governance disclosure and practices in the cannabis sector

Regulatory and legal risks abound in developing business areas, such as the recently legalized cannabis industry in Canada. One of the key challenges...

OSC issues anticipated Burden Reduction Initiative Report

Earlier this week, the Ontario Securities Commission (OSC) issued its long-awaited Report on the work of the Burden Reduction Task Force (the...

OBSI reports rise in investment industry complaints

The Ombudsman for Banking Services and Investments (OBSI) reported a surge in the number of investment-related complaints in the second quarter of...