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U.S. Supreme Court to reconsider fraud-on-the-market theory

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • November 22 2013

On November 15, 2013, the U.S. Supreme Court agreed to hear an appeal in which it will reconsider the "fraud-on-the-market" theory that has been one

B.C. Court of Appeal considers extraterritorial reach of Securities Act

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • November 18 2011

In an interesting new judgment - Torudag - the British Columbia Court of Appeal has held that the B.C. Securities Commission may assert regulatory jurisdiction over residents of other provinces, who engage in insider trading through a stock exchange in Ontario