On July 10, the Canadian Securities Administrators (CSA) published their annual report on enforcement activities (Enforcement Report). Perhaps in response to journalists’ too-tweetable critiques of certain enforcement statistics, the CSA chose this year to downplay numbers and instead highlighted the theme of connections. In particular, the Enforcement Report focuses on:

  • Connecting to the digital economy (i.e., the CSA’s evolving response to new challenges) 
  • How regulators are using technology to share information and for securities enforcement 
  • Collaboration within Canada and across national borders

The Enforcement Report does include some numbers. Of particular interest to registrants, the CSA reported the following for calendar year 2017 (data for 2015-2016 are from prior years’ reports) for the sub-category of “misconduct by registrants”: