137 in 2004 vs 106 in 2002
Chairman and others charged with insider trading
The regulator pursued only the managers who were the worst offenders; but critics say it should have gone after all who profited
If not for a certain eager New York state attorney general, the Canadian fund industry might have skated by with a kinder, gentler governance regime. But after an Eliot Spitzer-inspired investigation of market-timing in Canada, the fund industry finds itself facing not only tougher governance requirements but also the promise of more rules.The Ontario Securities […]
Canada’s market regulators get it from both sides: wronged investors accuse them of being soft on corporate crime and the Street complains that they are too tough and too arbitrary. If the punishment records are anything to go on, however, it’s investors who have it right.Investment Executive examined the enforcement records of the provincial regulators […]
Regulator won't amend cease trade orders
Staff of the Ontario Securities Commission have announced a tentative settlement in a case involving ATI Technologies. However, there was no mention of a settlement involving insider trading allegations against the company’s founder, K.Y. Ho, or several other former company executives and family members. The OSC announced today that it will hold a hearing Tuesday […]
The Ontario Securities Commission today obtained a court order extending the appointment of KPMG Inc. as the receiver of all the property, undertaking and assets of Portus Alternative Asset Management Inc. and BancNote Corp. The OSC says it will be seeking to obtain additional terms relating to the conduct of the receivership at a motion […]
Five sanctioned firms were the worst offenders, says Brown
Hearing scheduled for March 21