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Cooperation key in Canadian securities regulators’ fight against wrong-doing

  • Securities - CSA Image

Feb 19, 2015

On February 19, 2015, the Canadian Securities Administrators released its seventh annual Enforcement Report that emphasizes the collaboration and cooperation among CSA members and between CSA members and local, national and international organizations in targeting illegal activities in Canada’s capital markets.

Key highlights of the 2014 Enforcement Report:

  • Cases concluded against 144 respondents by contested hearings, 78 respondents by settlement agreement and 33 respondents by court decision.
  • Cases concluded resulting in:
    • Fines and administrative penalties of more than $58 million;
    • Almost $66 million in restitution, compensation and disgorgement; and
    • Jail sentences totaling seven and a half years handed down to five individuals.
  • 105 cases commenced against a total of 149 individuals and 106 companies.
  • 24 freeze orders issued against a total of 57 individuals and companies, involving more than $18 million in assets in bank accounts.

Review the report.

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