On June 12, 2025, the Ontario Securities Commission (OSC) published its final rules to implement a new statutory framework that will facilitate distributing amounts collected by the OSC under disgorgement orders to harmed...more
Une décision (disponible uniquement en anglais) rendue récemment par une formation d’instruction de l’Organisme canadien de réglementation des investissements (l’« OCRI ») (la « décision Carrigan ») illustre la tension qui...more
A recent decision by a hearing panel of the Canadian Investment Regulatory Organization (CIRO) illustrates the ongoing tension between securities regulators’ efforts to enhance their enforcement powers in administrative...more
Un survol de la dernière année montre que la Commission des valeurs mobilières de l’Ontario (la « CVMO ») a augmenté de façon marquée son recours aux procédures judiciaires quasi criminelles. Ceci indique la volonté nouvelle...more
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 aggressively prosecute...more
Dans une série de procédures administratives récentes de la Commission des valeurs mobilières de l’Ontario (la « CVMO »), le personnel de la Mise en application de la CVMO (le « personnel ») a cherché à présenter des...more
In a series of recent Ontario Securities Commission (OSC) administrative proceedings, enforcement staff of the OSC (Staff) have sought to present the allegations against respondents in a manner that would, if accepted,...more
As part of its 2018 budget (Budget), the Ontario government announced that it plans to propose new tools to enhance and expand the securities enforcement activities of the Ontario Securities Commission (OSC), including in...more
The Ontario Securities Commission (OSC) adopted OSC Policy 15-601 – Whistleblower Program (Policy), creating its Whistleblower Program (Program) in July 2016. The Program is intended to encourage whistleblowers to report...more
In a settlement agreement recently endorsed by the Ontario Securities Commission (OSC), respondent Anand Hariharan agreed to settle insider trading allegations made by OSC enforcement staff (Staff) against him. The settlement...more