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Byline: JOHN TURLEY-EWART Regulatory compliance consultant and Canadian banking historian Last week, the Ontario Securities Commission and the Canadian Investment Regulatory Organization launched a 'co-ordinated review into the sales practices [...]

Byline: ALEXANDRA POSADZKI; Staff Ontario's Capital Markets Tribunal has dismissed a case by the province's securities regulator alleging that Cormark Securities Inc. helped facilitate an "abusive" short-selling scheme involving Canopy [...]

Byline: TIM KILADZE; Staff David and Natasha Sharpe, the husband and wife who ran Bridging Finance Inc., were found guilty of fraud by Ontario's Capital Markets Tribunal after adjudicators ruled [...]

Byline: JAMESON BERKOW; Staff Ontario's market watchdog is hunting for a fugitive former hedge fund manager. Nathanael Anthony Aikman was sentenced on Monday to four years in jail and ordered [...]

Byline: JAMESON BERKOW; Staff Liquid MarketPlace Inc. says it sells investors portions of rare collectibles like sports trading cards using crypto technology, but the Ontario Securities Commission alleges the company [...]

Mark Valentine was never 'shut down' as the Ontario Securities Commission expected 20 years ago. Quite the opposite. Since being permanently banned from serving on the board of directors or [...]

On January 26, 2024, Ontario's Capital Markets Tribunal (the Tribunal) approved a settlement [PDF] in the matter of Nicholas Agar and Paul Ungerman (the respondents), representing the first time the [...]

Byline: TIM KILADZE; Staff Six senior Bridging Finance Inc. employees will be witnesses for the Ontario Securities Commission in its case against the private lender's top executives, suggesting former company [...]

Byline: DAVID MILSTEAD; Staff A panel of the Ontario Securities Commission has ordered the principals of Paramount Equity Financial Corp., which sold pooled mortgage products until it was shut down [...]

Byline: JOE CASTALDO, ALEXANDRA POSADZKI Former users of QuadrigaCX will receive 13 per cent of the funds they had stored with the cryptocurrency exchange when it collapsed into bankruptcy after [...]

Byline: JOE CASTALDO; Staff The Ontario Securities Commission has accused the company formerly known as Facedrive Inc. of issuing misleading press releases about its COVID-19 contact-tracing bracelets. The OSC said [...]

Byline: DAVID MILSTEAD; Staff Ontario regulators have handed down financial penalties and market bans for five men who committed illegal insider trading involving multiple stock trades prior to two acquisitions [...]

Byline: GREG McARTHUR; Staff An Ontario judge ruled Thursday that three former high-ranking officials from CannTrust Holdings Inc. were not guilty of any charges brought against them by Ontario's securities [...]

Byline: GREG McARTHUR; Staff The prosecution of three former highranking officials of CannTrust Holdings Inc. has collapsed after a key government witness conceded that the fundamental allegation against the trio [...]

Byline: TARA DESCHAMPS; THE CANADIAN PRESS TORONTO -- A lawyer representing Ontario's securities regulator says three former executives whose cannabis company was caught growing pot in unlicensed rooms were in [...]

Byline: GREG MCARTHUR, DAVID MILSTEAD Cormark Securities, a Toronto mid-market investment bank, facilitated an allegedly 'illegal and abusive shortselling scheme' where it misrepresented to one client, Canopy Growth Corp., the [...]

Byline: GREG McARTHUR, TIM KILADZE The Royal Canadian Mounted Police have launched a criminal investigation into Bridging Finance Inc., the private lender that was placed into receivership in 2021 and [...]

Byline: DAVID MILSTEAD; Staff If everyone assumes you will do nothing, you can get applause for doing something. Such is the case for Canadian and U.S. regulators in the matter [...]

A survey of the past year shows that the Ontario Securities Commission (OSC) has markedly increased its focus on quasi-criminal court proceedings, indicating a new willingness by the regulator to [...]

Byline: DAVID MILSTEAD; Staff Cannabis company Cronos Group Inc. has paid $1.34-million to settle Ontario Securities Commission accusations that the company failed to file accurate financial statements. Former Cronos executive [...]

Byline: GREG McARTHUR; Staff Two employees of one of the world's largest newswire services, who allegedly made more than 1,500 stock trades just before various pieces of marketmoving news were [...]

Byline: DAVID MILSTEAD; Staff A Canadian company run by a U.S. socialmedia star faces criminal and civil investigations of accounting fraud in the United States, and is under regulatory investigation [...]

Byline: ETHAN LOU; Special to The Globe and Mail Binance, the world's biggest cryptocurrency exchange, has been targeted in a $1-billion proposed class-action lawsuit in Toronto, led by a high-profile [...]

Byline: DAVID MILSTEAD; Staff Enforcement activity by Canada's provincial stock-market cops dropped sharply during the first two years of the pandemic. Now, as investments look sicker, will regulatory activity get [...]

Byline: DAVID MILSTEAD; Staff The Ontario Securities Commission has found that five men committed insider trading, but two others did not, in a case involving multiple stock trades prior to [...]

Byline: GREG McARTHUR; Staff The principals of Paramount Group, which sold pooled mortgage products until it was shut down in 2017, defrauded investors by directing their funds into speculative real [...]

Byline: GREG McARTHUR; Staff Two Toronto-area programmers for GlobeNewswire, one of the largest wire services in the world, are under investigation as part of an insider-trading probe launched by the [...]

Byline: GREG MCARTHUR, TIM KILADZE David and Natasha Sharpe, the husband-and-wife executive team that ran Bridging Finance Inc. until its 2021 receivership, defrauded investors out of millions of dollars through [...]

Byline: DAVID MILSTEAD; Staff Regulators say a fallen Bay Street superstar who agreed in 2004 to a ban on serving as a corporate director has instead served on more than [...]

Byline: GREG McARTHUR, TIM KILADZE One of Bridging Finance Inc.'s worstperforming loans was advanced to a business partner of Jenny Coco, the private lender's majority owner, and the debt has [...]

Byline: GREG McARTHUR, TIM KILADZE Lead Bridging Finance Inc.'s largest borrower used fabricated documents when posting collateral, falsely suggesting to the private lender he had nearly $180-million in investments, The [...]

Byline: GREG McARTHUR, TIM KILADZE Lead After more than a decade as a financial consultant and money manager, Alejandro Cardot had a knack for spotting the flaws in investment pitches. [...]

Byline: GREG McARTHUR, Staff Lead The founder of what was once one of Canada's largest financial planning companies has been convicted of fraud after he sold millions of dollars worth [...]

Byline: TIM KILADZE, GREG MCARTHUR Lead As the Ontario Securities Commission began to probe Bridging Finance Inc., a family trust created by the private lender's top executives allegedly moved misappropriated [...]

Byline: GREG McARTHUR, Staff Lead One of the first fraud cases brought against a Canadian cannabis company will be argued, in part, in a room sealed to nearly everyone but [...]

Byline: THE CANADIAN PRESS TORONTO -- Lead The Ontario Securities Commission is taking action against another foreign cryptocurrency company after it failed to enter discussions about bringing its platforms into [...]

Byline: GREG McARTHUR, TIM KILADZE Lead The court-appointed receiver in control of Bridging Finance Inc. alleges that the lender's former chief executive officer asked an employee to delete thousands of [...]

Byline: GREG McARTHUR, TIM KILADZE Lead As an alternative lender to borrowers who are too risky for the banks, Bridging Finance Inc. specializes in sticky situations. Yet earlier this year, [...]

Byline: GREG MCARTHUR, TIM KILADZE Lead An Ontario judge has placed alternative lender Bridging Finance Inc. under the control of a receiver following allegations that the money manager improperly used [...]

Byline: GREG McARTHUR, Staff Lead The Ontario Securities Commission has accused a subsidiary of Bloomberg LP of permitting US$228.5-billion of improper fixed-income trading on its platform, and says the data [...]

Byline: MARK RENDELL, Staff Lead Some proposals to change the way Ontario investigates and punishes capital market offences could make it difficult for the province's securities regulator to work with [...]

The Ontario Securities Commission (OSC) recently made good on its promise to hold crypto asset trading platforms (CTPs) operating in Ontario accountable for failing to comply with Ontario securities laws. [...]

Canada accuses binary options, and in particular the activity of three brothers who, without even having a license, would have used a call center to convince thousands of people to [...]

A recent Ontario Securities Commission ('OSC') settlement agreement with NextBlock Global Limited ('NextBlock') and Alex Tapscott ('Tapscott') highlights the risk associated with issuers providing investor presentation slide decks or other [...]

In (Re) El-Bouji, 2019 ONSEC 19, the Ontario Securities Commission (OSC) determined that the test on a motion to strike portions of an affidavit filed by Staff in response to [...]

Byline: ALEXANDRA POSADZKI; Staff Emerging technologies have given securities commissions new tools to help them detect white-collar crime, but regulators say they have also created additional hurdles for them as [...]

On December 18, 2018, the Ontario Securities Commission (OSC) approved a settlement with Katanga Mining Ltd. (Katanga) in relation to misleading disclosure. Although many of the disclosure violations at issue [...]

Issue: Can the confidentiality protections under the Securities Act (Act) shield evidence from disclosure in freedom of information requests? Key Facts: An individual made a freedom of information request for [...]