If you haven’t already heard, the securities regulatory authorities of British Columbia, Manitoba, Nunavut, the Northwest Territories, and Yukon (the participating jurisdictions) announced that they will revoke their substantially harmonized registration exemptions that form the “Northwestern Exemption” (the local orders). This announcement was made in Multilateral CSA Notice 32-302 (the Notice) Notice of Revocation for…
Mike Caswell posted the following article on April 20, 2018 on Stockwatch. He summarizes the findings of the Court of Appeal decision of Davis v. British Columbia (Securities Commission), 2018 BCCA 149. My colleague, Patricia Taylor and I argued this case in the Court of Appeal. The B.C. Securities Commission must be gentler with its…
The Pacific Capital Markets Association published this article called, “How Bitcoin is revolutionizing the investment space” on November 20, 2017. The article provides an overview of Bitcoin’s history, investing in Bitcoin and its safety. This article contains general information only and is not intended to provide a legal opinion or advice. Please consult a…
The BC Securities Commission posted the below press release on its website on September 6, 2017. It announces the the first registration allowing the operation of a bitcoin investment fund. The British Columbia Securities Commission (BCSC) announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The BCSC has…
The Advocate Daily recently published this news release entitled, “Regulatory settlement not enough to determine liability in civil proceeding” by Kim Duong, a Toronto insurance lawyer. In this case, the plaintiffs tried to argue that a settlement, which one of the defendants entered into with the Mutual Fund Dealers Association of Canada, should be used…
In the decision of Finkelstein v. Ontario (Securities Commission), 2016 ONSC 7507, Mitchell Finkelstein (Finkelstein), Paul Azeff (Azeff), Korin Bobrow, Howard Miller (Miller), and Francis Cheng (Cheng, and together, the appellants) appealed the decision of the Ontario Securities Commission (OSC) dated March 24, 2015 in which they were held to have breached certain provisions of…