The launch of the Cooperative Capital Markets Regulatory System (CCMR) has been delayed one year and is now expected to begin operation in the fall of 2016. The federal government announced its commitment to implementing the CCMR in the 2015 federal budget. The below excerpt is from pages 254 and 255 of the budget. It…
Background On March 24, 2015, the Ontario Securities Commission (OSC) released its decision against a former mergers and acquisition lawyer, Mitchell Finkelstein (Finkelstein) and four investment advisors (together, the respondents) in a high profile tipping¹ and insider trading² decision. OSC staff alleged that Finkelstein tipped his long-time friend, Paul Azeff (Azeff), an investment advisor, about…