Keith Fraser of the Vancouver Sun wrote the following article entitled, “Vancouver stock promoter who failed to report $600,000 in income avoids jail” that was published on May 12, 2020. A Vancouver stock promoter who was once featured in Canadian Business magazine has received a conditional sentence of two years less a day to be…
The following article was published on the BC Securities Commission’s website on June 23, 2020. On June 23, 2020, the Canadian Securities Administrators (CSA) released its fiscal year 2019/20 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets. Highlights from the fiscal year 2019/20 Enforcement Report include:…
The BC government introduced legislative amendments to the Securities Act (British Columbia) to improve the BC Securities Commission’s (the BCSC) ability to collect penalties as well as improve enforcement of white-collar investment offences. Bill 33, which lists the legislative amendments, was introduced to the legislative assembly on October 22, 2019 and had its first reading….
The BC Securities Commission published the following press release on June 26, 2019: The Canadian Securities Administrators (CSA) released its fiscal year 2018/2019 Enforcement Report, which outlines how securities regulators are protecting investors and the integrity of Canada’s capital markets. The report highlights the cross-jurisdictional collaboration and investments in technology that have enabled CSA members…
On May 2, 2019 the Canadian Securities Administrators (“CSA”) published a CSA Notice and Request for Comment introducing the National Systems Renewal Program (“NSPR”) aimed at developing a new centralized information technology system (the “Renewed System”) to replace various local records filing systems, as well as the System for Electronic Development Analysis and Retrieval (“SEDAR”),…
I initially wrote the below article on March 19, 2014. On August 18, 2018, the securities regulatory authorities of British Columbia, Manitoba, Nunavut, the Northwest Territories, and Yukon (the “participating jurisdictions”) announced that they will revoke their local orders that form the “Northwestern Exemption”. Alberta and Saskatchewan are still considering whether to revoke their local…