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Byline: CLARE O'HARA; Staff A group of early cryptocurrency investors in Canada's first retail bitcoin investment fund have filed a complaint with Ontario's securities regulator, claiming fund manager 3iQ Corp. [...]

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: CLARE O'HARA; Staff Ontario's securities regulator is providing $11-million in funding to help Canada's primary advocacy group for retail investors continue to operate for another six years. On Wednesday, [...]

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 [...]

Overview The Ontario's Capital Markets Tribunal's recent decision in Cormark Securities Inc (Re),2024 ONCMT 26, provides important guidance on hedging transactions made concurrently with a private placement. The OSC impugned [...]

Investment Management Division Report On Nov. 5, 2024, the Ontario Securities Commission (OSC) published OSC Staff Notice 81-736 (the Staff Notice), summarizing the activities and regulatory focus of the OSC's [...]

The Ontario Capital Markets Tribunal (the CMT) dismissed the Ontario Securities Commission (OSC) prosecution in Re Cormark Securities Inc. The CMT held that the OSC 'failed to prove any of [...]

On October 7, 2024, the Ontario Securities Commission (the 'OSC') published Insights on the OSC Staff's Approach to Sustainable Finance ('Insights'). The Insights clarify the OSC's approach to sustainable finance [...]

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: TIM SHUFELT; Staff Investing these days can be absurdly cheap and easy. But the industry is doing its best to make it expensive, complicated and risky. Today, you can [...]

Byline: JAMESON BERKOW; Staff Dozens of financial criminals have managed to escape paying tens of millions of dollars in regulatory penalties by declaring bankruptcy, according to market watchdogs in British [...]

At last week's FSxT Connect: Regulatory Pulse event, Leslie Byberg, Executive Vice President, Strategic Regulation at the Ontario Securities Commission (OSC), offered an inspiring vision for the 92-year-old regulatory body: [...]

On August 22, 2014, we published Justifiable Expectations Standard: Justifiable Expectations Standard: The Basis for the Exercise of the Public Interest Power of the Ontario Securities Commission ('Justifiable Expectations Standard'), [...]

The Ontario Securities Commission (the 'OSC') recently published Staff Notice 33-756 - Summary Report for Dealers, Advisers and Investment Fund Managers (the 'Report') for the 2023-2024 fiscal year. The Report [...]

Regulatory expectations The Ontario Securities Commission (OSC) has made it clear that registered firms are expected to be prepared for any significant business disruption from day one. Firms are expected [...]

OSC Staff Notice 33-756 Registration, Inspections and Examinations Division Summary Report for Dealers, Advisers and Investment Fund Managers (Annual Report) marks the first from the newly renamed Registration, Inspections and [...]

On June 20, 2024, securities regulators in Alberta, British Columbia, Nova Scotia, Ontario, Quebec, and Saskatchewan (the 'Securities Regulators') published Coordinated Blanket Order 31-930 ('Blanket Order'), allowing exempt market dealers [...]

The Ontario Securities Commission (OSC) has published a notice and request for comment on several proposed rules that will establish a process to distribute money received by the OSC under [...]

On July 26, 2024, the Registration, Inspections and Examinations Division of the Ontario Securities Commission (OSC) published its annual OSC Staff Notice 33-756 - Summary Report for Dealers, Advisers and [...]

The Ontario Securities Commission (OSC), in keeping with its commitment to foster the conditions necessary for growth and innovation in emerging businesses, recently announced a series of interim initiatives aimed [...]

One of the characteristics of capital markets regulation in Canada has traditionally included a clear delineation of function and jurisdiction. Provincial securities regulators make and ensure compliance with its rules [...]

Investors who suffer direct financial harm resulting from the contravention of Ontario securities or commodity futures laws may soon be able to receive compensation directly from the Ontario Securities Commission [...]

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 [...]

Byline: DAVID MILSTEAD; Staff More than two decades ago, the folks at the Ontario Securities Commission had an idea for a new form of disclosure: Any time a company had [...]

To listen to an audio recording of this article, click here. The TSX Venture Exchange (the 'TSXV' or 'Exchange') recently announced the implementation of its 'Sandbox' program empowering the Exchange [...]

The Ontario Securities Commission (OSC) has announced a number of time-limited exemptions from the dealer registration requirements to support capital raising for early-stage Ontario businesses. These initiatives are part of [...]

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 [...]

Byline: JAMESON BERKOW; Staff Canada's chief market watchdog says he will use his newly extended mandate to 'act faster and act harder' against financial crimes. The Ontario Securities Commission is [...]

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 [...]

Cryptocurrencies are becoming increasingly regulated under securities laws in Canada and the United States, often to the chagrin of those in control of crypto assets. In recent years, both Canadian [...]

Byline: JAMESON BERKOW; Staff Canada's largest securities watchdog will soon need a new top enforcer. Jeff Kehoe, director of enforcement at the Ontario Securities Commission since 2016, will leave the [...]

Byline: CLARE O'HARA; Staff Ontario's securities regulator has $123million in the bank collected over the years from settlements and sanctions levied by its enforcement division. But in the most recent [...]

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: CLARE O'HARA; Staff Asset manager Emerge Canada Inc. says it is in the process of finalizing a plan to wind up or sell its Toronto-based business after a suspension [...]

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: CLARE O'HARA, DAVID MILSTEAD Ontario's securities watchdog has suspended the registration of asset manager Emerge Canada Inc. after finding it failed to comply with working capital requirements, and the [...]

Byline: LAURA STONE; Staff CAMBRIDGE, ONT. -- Ontario's Economic Development Minister says a company that has been accused by the Ontario Securities Commission of issuing misleading press releases about its [...]

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 [...]

The Ontario Securities Commission (OSC) recently released its annual Summary Report for Investment Fund and Structured Product Issuers (Report), prepared by the Investment Funds and Structured Products Branch (IFSP Branch) [...]

On July 27, 2023, the Compliance and Registrant Regulation Branch (CRR) of the Ontario Securities Commission (OSC) published its annual Summary Report for Dealers, Advisers and Investment Fund Managers (the [...]

The Compliance and Registrant Regulation Branch (the 'CRR') of the Ontario Securities Commission (the 'OSC' or the 'Commission') has released OSC Staff Notice 33-755 - Summary Report for Dealers, Advisers [...]

Byline: BRENDA BOUW The unprecedented trading halt of Emerge Canada Inc.'s exchange-traded funds (ETFs) has raised investor concerns about the often-touted liquidity of the popular investment product and the potential [...]

Byline: CLARE O'HARA, DAVID MILSTEAD Regulators have slapped the entire family of exchange-traded funds from Emerge Canada Inc. with a trading halt, because the company has failed to find an [...]

Byline: JENNIFER COULSON, KEVIN THOMAS Jennifer Coulson is the chair of the 30 Percent Club Canada Investor Group and the global head, ESG, at British Columbia Investment Management Corporation (BCI). [...]

Byline: TIM SHUFELT; Staff The ETF revolution has opened up all sorts of new options for investors, including the ability to cover up illicit trades. A new study suggests that [...]

Byline: CLARE O'HARA; Staff SECRET CANADA A year after Ontario's Finance Minister called for a review of several Canadian banks that had halted sales of third-party investment funds, investors remain [...]

This month, the Ontario Securities Commission (OSC) published its first report (the Report) on the OSC TestLab, a regulatory sandbox designed to promote innovation and modernize regulation in Ontario's capital [...]

It has been approximately nine years since the Ontario Securities Commission (OSC) first implemented the 'comply-or-explain' regime that requires companies listed on the Toronto Stock Exchange (TSX) either to disclose [...]