Canada - December 14 2012 A decision of the British Columbia Court of Appeal earlier this year highlights one of the pitfalls of “no admission” settlements, exhibiting that a securities regulator in a cooperating jurisdiction may not be able to issue a reciprocal order when the settlement contains no specificity or admission upon which to conclude that any wrongdoing occurred.
Canada - September 17 2012 On August 22, 2012, the Ontario Securities Commission (“OSC”) released its sanctions and costs decision in the matter of Shane Suman (“Suman”) and Monie Rahman (“Rahman”).
Canada - March 9 2012 On February 17, 2012, the Ontario Superior Court of Justice certified a class action brought against two investment advisors and their registered dealer (the “Dealer”) in the case of French and Karas et al v. Smith and Stephenson et al, 2012 ONSC 1150 (“French").
Canada - March 5 2012 On February 16, 2012, the Ontario Court of Appeal released a decision that comes as good news to issuers.
Canada - June 7 2011 A recent decision by the Ontario Superior Court of Justice in Straus Estate v. Decaire, 2011 ONSC 1157 (“Straus”) serves to reiterate the importance of ensuring that compliance policies and proper training of sales representatives are practiced at the branch level.