Information About Risk Management & Crisis Response
Recent Posts
Below is a preview of the five most recent posts from the blog Risk Management & Crisis Response. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- OSC-FINTRAC MOU for information sharing
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 “MOU”) regarding information sharing between the two regulators. Securities dealers and … Read more »
- Jurisdiction and tolling agreements with the SEC: Watching the Fowler Case through Canadian eyes
Regulatory investigations can be time consuming. Uncertainty surrounding ultimate outcomes is disruptive to the personal and business decision-making of those affected. Limitation periods in which proceedings must be commenced, if at all, are designed by legislatures to balance the need for investig … Read more »
- OSC seeks input on priorities for 2021-2022
The Ontario Securities Commission (“OSC”) recently issued its 2021-2022 Draft Statement of Priorities for comment (the “Draft Statement”). The document sets out the priority initiatives that the OSC will pursue for the period from April 1, 2021 through March 31, 2022 in support of its four strategic … Read more »
- SEC announces first charges against a public company for misleading investors about the financial effects of the pandemic
On Friday, December 4, 2020, the Securities and Exchange Commission announced in a press release that it had settled charges against The Cheesecake Factory for misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. According to the SEC, t … Read more »
- Ontario Securities Commission awards over half a million dollars to three whistleblowers
Following a trend of rising whistleblower tips and awards, the Ontario Securities Commission (the “OSC”) recently sent another strong signal to whistleblowers that “timely, specific and credible” tips can yield considerable financial rewards. In its November 17, 2020 announcement, the OSC emphasized … Read more »