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

Québec regulator takes aggressive enforcement steps against initial coin offering promoters

In recent weeks, Québec’s financial sector regulator, the Autorité des marchés financiers (AMF), has taken aggressive enforcement steps...

OFAC announces two major sanctions fines in July

This past July, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced two major fines for sanctions...

FINRA announces new initiatives to address “bad actor” brokers

In May, the U.S. Financial Industry Regulatory Authority (“FINRA”) Board of Governors approved a set of proposals as part of...

Regulators focusing attention on token sales using digital currencies

An investigation report released last week by the Securities and Exchange Commission strongly signals that the SEC views Initial Coin Offerings...

OSC releases long-awaited decision in Sino-Forest case

Six years after short seller Muddy Waters issued a report damning Sino-Forest Corporation as a fraud and a Ponzi scheme, the Ontario Securities...

Ontario Court of Appeal breathes some life into anti-corruption pursuits

On July 6, 2017, the Ontario Court of Appeal upheld Canada’s first conviction under the Corruption of Foreign Public Officials Act (the...

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...

Canada’s federal banking regulator releases advisory on the use of the Bank Words: Implications for FinTechs, credit unions and other financial services providers

On June 30, 2017, the Canadian banking regulator, the Office of the Superintendent of Financial Institutions, issued an advisory that sets out how...

U.S. Supreme Court to provide needed clarity on whistleblower protections

On June 26, 2017, the United States Supreme Court greenlit an appeal that will address the definition of a “whistleblower” under the U.S....

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...