FPSC makes changes to its board of directors

The Ontario Securities Commission (OSC) announced on Tuesday that it has appointed a pair of veteran lawyers — Robert Hutchison and Mark Sandler — to serve as commissioners. Both began two-year terms on Feb. 2.

Hutchison is a former partner and counsel with Borden Ladner Gervais LLP in Toronto and Sandler is a partner with Toronto’s Cooper, Sandler, Shime and Bergman LLP.

Hutchison practised law for more than 40 years, including work with the Investment Industry Regulatory Organization of Canada (IIROC), the Mutual Fund Dealers Association of Canada (MFDA), the Canadian Investor Protection Fund (CIPF), the MFDA Investor Protection Corp. (MFDA IPC) and the Canadian Depository for Securities Ltd.

Sandler is a veteran litigator specializing in criminal and regulatory law, who has chaired disciplinary hearings at both IIROC and the MFDA.

OSC commissioners have both a regulatory role, including adjudicating proceedings that come before the regulator’s tribunal and setting policy, and they also serve on the OSC’s board.

“The breadth of expertise that Bob and Mark bring to the commission will assist us in protecting investors and fostering fair and efficient capital markets in Ontario,” says Maureen Jensen, the OSC’s chairwoman, in a statement announcing the appointments. “I am immensely pleased to welcome Bob and Mark to the commission, given their longstanding leadership and commitment to public service.”

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