Prospectus filings decline, exempt offerings up in 2023, AMF reports
Regulator adopts new exemptions designed to help startups raise capital
The regulator also wants to toughen enforcement and see better advice given at banks
Industry divided on, investor advocates opposed to, reforms
Regulator failed to meet burden of proof on all counts
Government endorses OSC's investor protection, capital formation efforts
After pilot program, ASC, FCAA maintain exemption based on financial knowledge
Regulator withdrew certain allegations, and a hearing panel rejected others
Bulk of funds issuers raised went to consultants that quickly dumped shares
Former executive fined, banned for seven years due to misconduct