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Canadian government publishes consultation paper proposing wide-ranging amendments to anti-money laundering legislation

On February 7, 2018, the Canadian federal government released a consultation paper for comments that has far-reaching implications for compliance...

SEC announces its 2018 enforcement priorities

The Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) recently...

Court of Appeal upholds significant OSC insider trading decision in Finkelstein

On January 25, 2018, the Ontario Court of Appeal released its decision in the high-profile Finkelstein v Ontario Securities Commission case,...

Oral summaries thwart work product protection: The case of SEC v. Herrera

In Securities and Exchange Commission v. Herrera, 2017 WL 6041750 (S.D. Fla. December 5, 2017), a U.S. Magistrate Judge in the Southern District...

OSC proposes changes to whistleblower program

On January 18, 2018, the Ontario Securities Commission (“OSC”) released for comment a proposed change to OSC Policy 15-601 -...

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...

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 and...

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...

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...

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...