Referral cases more than doubled from 2018 to 2019
Regulator seeks to boost market activity following declines in energy sector
Compliance reviews are increasingly leading to enforcement action
Although retail investors account for a tiny share of the capital raised, they represent 77% of the number of investors in the exempt market
New revisions address complaints from institutional investors and foreign investment dealers
The case highlights the lack of governance requirements for mutual funds that distribute securities in the exempt market
PCMA/NEMA merger will streamline both groups’ operations
The unified organization ensures a stronger voice for private capital markets in Canada
The merger would ensure that the private capital and exempt markets have a unified industry voice
Exempt market dealer unable to fix compliance issues