Search

On June 22, 2022, the Ontario Securities Commission (OSC) released reasons in its first two decisions against operators of foreign-domiciled crypto trading platforms (CTPs) offering services to Ontario residents: In [...]

On May 16, 2022, Coinsquare Capital Markets Ltd. (Coinsquare) filed a notice and request for comment (the Notice) with the Ontario Securities Commission (OSC) providing summary information regarding its intention [...]

On April 29, 2022, the Ontario Securities Commission (OSC) announced the implementation of structural and governance changes resulting from the proclamation of the Securities Commission Act, 2021 (the Act). As [...]

A hearing panel of the Ontario Securities Commission (the Commission) held that Staff improperly disclosed testimony of a compelled witness in its pursuit of a judicial remedy contrary to the [...]

Byline: CLARE O'HARA, Staff Lead Ontario's securities watchdog says new regulations that will soon require advisers to have deeper knowledge of the funds they recommend to clients should not have [...]

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: VANMALA SUBRAMANIAM, Staff Lead Binance, one of the world's largest cryptocurrency exchanges, has ceased operations in Ontario after opting not to become registered as a regulated crypto trading platform [...]

Byline: TIM KILADZE, GREG McARTHUR Lead Alaska-Alberta Railway Development Corp., Bridging Finance Inc.'s largest borrower, has told clients it plans to file for creditor protection, creating more uncertainty for the [...]

Byline: VANMALA SUBRAMANIAM, Staff Lead The Ontario Securities Commission has given Wealthsimple approval to offer more digital coins and tokens on its trading platform - beyond just bitcoin and Ether [...]

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: VANMALA SUBRAMANIAM, Staff Lead Ontario's securities regulator could face challenges in enforcing a ban on unregistered foreign cryptocurrency trading platforms doing trades for Ontario residents, especially if the agency [...]

Byline: THE CANADIAN PRESS TORONTO -- Lead The Ontario Securities Commission is taking action against two foreign cryptocurrency companies after a deadline to enter discussions about bringing their platforms into [...]

Byline: VANMALA SUBRAMANIAM, Staff Lead Ontario's securities regulator is seeking to suspend trading by international cryptocurrency exchange Poloniex after it breached provincial rules by failing to register with the Ontario [...]

Byline: CLARE O'HARA, Staff Lead As the price of bitcoin continues to tumble this week, the head of Ontario's securities regulator stands by its decision earlier this year to be [...]

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 [...]

Introduction to the Capital Markets Act On October 12, 2021, the Government of Ontario published the draft Capital Markets Act ('CMA'), which is designed to streamline and modernize the regulatory [...]

Byline: VANMALA SUBRAMANIAM, Staff Lead The Ontario Securities Commission will begin taking steps to enforce new rules on cryptocurrency trading platforms that have failed to meet an April 19 deadline [...]

Byline: CLARE O'HARA, Staff Lead Canadian asset managers are racing to launch the world's first cryptocurrency exchange-traded fund to track the price performance of Ether now that regulators have given [...]

Byline: DAVID MILSTEAD, CLARE O'HARA Lead The body that regulates investment dealers has abandoned plans for a new disciplinary program for minor offences, after pushback from investor advocates as well [...]

Byline: JAREN KERR, Staff Lead In late January, the Ontario Securities Commission announced that it had seen such a large surge in prospectus filings, it might need to triage them [...]

Byline: VANMALA SUBRAMANIAM, Staff Lead The Ontario government plans to move ahead with an overhaul of the Ontario Securities Commission, pushing an expanded mandate for the regulator and proposing a [...]

Byline: IAN RUSSELL Lead President and CEO of the Investment Industry Association of Canada The Canadian Securities Administrators issued an open letter on Feb. 12 in response to the final [...]

Byline: CLARE O'HARA, Staff Lead Purpose Investments Inc. has been cleared by regulators to launch the world's first bitcoin exchange traded fund, opening the door for retail investors to more [...]

On February 23, 2021, the Ontario Securities Commission (OSC) released its reasons in ESW Capital, LLC, 2021 ONSEC 7 (the ESW Decision), in which the OSC considered the availability of [...]

Byline: GREG McARTHUR, Staff Lead Reddit chatter from individual investors fuelled massive gains for struggling stocks in a battle against Wall Street professionals. But then the declines began after trading [...]

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: GREG MCARTHUR, Staff Lead Anticipated changes about how syndicated mortgages are regulated in Ontario have been pushed back to July, 2021. The Ontario Securities Commission announced Monday that it [...]

Byline: WALIED SOLIMAN Lead Canadian Chair of Norton Rose Fulbright and Chair of the Capital Markets Modernization Taskforce. This piece is adapted from a speech given this week to 700 [...]

Byline: CLARE O'HARA, Staff Lead It is time to consolidate. This is the view of several former chairs of the Ontario Securities Commission and the current head of the province's [...]

Byline: MARK RENDELL, Staff Lead Ontario's securities regulator is increasing its focus on novel ways for startups to raise capital, such as crowdfunding and angel investing, after a push from [...]

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 [...]

Byline: DOUGLAS WALKER Lead Deputy director of the Canadian Foundation for Advancement of Investor Rights (FAIR Canada) Too many Canadians continue to be victims of misleading sales practices and advice [...]

Introduction: Binance pulls out of Ontario; Ontario-based users must close Binance accounts In June 2021, facing the threat of regulatory sanctions by the Ontario Securities Commission (OSC), the cryptocurrency-exchange giant [...]

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 [...]

On March 29, 2021, the Canadian Securities Administrators ('CSA') and the Investment Industry Regulatory Organization of Canada ('IIROC') jointly published Staff Notice 21-329 Guidance for Crypto-Asset Trading Platforms: Compliance with [...]

In a detailed joint notice (the 'Notice') the Canadian Securities Administrators ('CSA') and the Investment Industry Regulatory Organization of Canada ('IIROC') yesterday published a summary of their expectations of unregistered [...]

Today the Government of Ontario announced its path forward on the implementation of recommendations of the Capital Markets Modernization Task Force set out in their Report published earlier this year. [...]

The Capital Markets Modernization Taskforce was established in February 2020 and mandated to make recommendations to modernize Ontario's capital markets regulation. An initial report was published in July 2020 for [...]

On February 18, 2021, the Ontario Securities Commission (OSC) issued Ontario Instrument 33-507 Exemption from Underwriting Conflicts Disclosure Requirements (Interim Class Order) (Ontario Instrument). The Ontario Instrument provides blanket exemptive [...]

In December 2020, the Ontario Securities Commission (OSC) published OSC Staff Notice 45-717 Ontario's Exempt Market, a report on capital raising activity by corporate (non-investment fund) issuer's in Ontario's exempt [...]

The Ontario Securities Commission (OSC) recently published OSC Staff Notice 45-717 - Ontario's Exempt Market: A review of capital raised in Ontario through prospectus exemptions since 2017 (the 'Report'). The [...]

On December 3, 2020 the Ontario Securities Commission (the OSC) and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced that they have entered into a memorandum of understanding [...]

The Ontario Securities Commission (OSC) has temporarily codified relief from certain restrictions imposed on insiders of an issuer under OSC Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange [...]