Information About The Exchange: Financial Institutions Litigation Blog
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- Federal Government makes amendments to monthly sanction reporting requirements
On March 4, 2019, the federal government published amendments to certain regulations under the United Nations Act and the Special Economic Measures Act. Previously, these regulations required certain financial services, insurance and securities dealers to file monthly reports to their primary regula … Read more »
- Can a finding of a breach of securities law by a securities commission be the basis for professional disciplinary proceedings?
FactsIn 2004 and 2005, Dale Smith, CPA, was involved in a complex investment structure (the “Norshield Investment Structure”) which was presented to investors as giving them access to hedge fund managers usually only accessible to institutional investors. In reality, investors’ funds were invested i … Read more »
- Summary Judgment Denied on Limitations Issue with Limited Record – Cash Store’s Professional Advisors Must Proceed to Trial
The plaintiff 1511419 Ontario Inc., formerly known as the Cash Store Financial Services Inc. (“Cash Store”), has sued its former auditor, KPMG LLP; financial advisor, Canaccord Genuity Corp.; and legal advisors, Cassels Brock & Blackwell LLP (collectively, the “Defendants”) in three separate actions … Read more »
- Supreme Court is Not Interested in the Interest Act
The Supreme Court of Canada recently dismissed the application for leave to appeal the Ontario Court of Appeal’s decision in Solar Power Network Inc. v. ClearFlow Energy, which restored certainty to credit markets after a lower court decision that could have had the effect of rendering all loans den … Read more »
- Have your say on how crypto trading platforms should be regulated post-QuadrigaCX
Following widespread media coverage of the collapse of the QuadrigaCX digital currency exchange, Canadian regulators are asking for feedback on how to regulate platforms for the purchase, sale and transfer of crypto assets. In their consultation paper the Canadian Securities Administrators and the I … Read more »
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