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Risk Management and Crisis Response Blog

Articles: 1-10 of 188

Some relief for Crystal Wealth investors eyed as OSC settles with BDO for failure to meet auditing standards

Canada - February 11 2020 Staff of the Ontario Securities Commission (“OSC”) have once again successfully pursued an audit firm for various failings Staff allege contributed…

Greater clarity on Prohibited Insider Trading in the United States?

USA - February 6 2020 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

Canada - February 4 2020 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

Canada, USA - January 31 2020 Boaz Manor - the co-founder of the failed investment manager Portus Alternative Asset Management Inc. (“Portus”) - finds himself…

Turning the Page? SNC Pleads Guilty to Fraud Relating to Libya Work; Former Executive Sentenced for Fraud, Corruption

Canada - January 17 2020 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 resolve the…

Ontario government releases fall economic statement: Modernizing financial services

Canada - December 9 2019 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

Canada - December 2 2019 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

Canada - November 21 2019 Earlier this week, the Ontario Securities Commission (OSC) issued its long-awaited Report on the work of the Burden Reduction Task Force (the Report)…

OBSI reports rise in investment industry complaints

Canada - November 19 2019 In its Q2 2019 Statistics, OBSI announced that the number of new investment sector-related cases opened during the…

B.C. Securities Commission investigating two cryptoasset trading platforms

Canada - November 7 2019 On November 4, 2019, the British Columbia Securities Commission (BCSC) publicly disclosed ongoing investigations into two cryptoasset trading…