This article entitled “Why it may take ‘several years’ for the B.C. Securities Commission to collect more fines” was written by Graeme Wood on May 12, 2022 and published by the Times Colonist. In it, he reflects on the possibility of new tools provided to the BC Securities Commission (BCSC) in collecting outstanding fines. With…
Mark Kolakowski published his article entitled, “SEC Considers Banning Payment for Order Flow” on October 22, 2021 on Investopedia.com. A payment for order flow (PFOF) is the payment that a broker receives from a market maker who processes the trades for the broker’s client. Robinhood Markets is one such broker that does not charge commissions…
This article entitled, “New and Improved TSX-V Capital Pool Company Program Rules Now in Effect” was prepared by James Leech and Michael J. Hanley of Torkin Manes LLP and posted on January 15, 2021. Their article provides a helpful summary of the new CPC rules. One of the significant changes is that the deadline of…
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….