- National anti-fraud strategy – A national strategy to adopt increased
Canada’s anti-fraud overhaul: What US firms need to know
Securities Brokerage Contracts Are Exempt from Application of Quebec’s Consumer Protection Act
The recent unanimous Quebec Court of Appeal’s decision in Salko c. Financière Banque Nationale inc.[1] is the first appellate court decision addressing the scope of the exemptions from the application of the CPA set out at section 6a) of
SEC reinstates simultaneous consideration of enforcement settlements and waiver requests
On September 26, 2025, the Securities and Exchange Commission (SEC) reinstated its 2019 policy of simultaneously considering offers to settle enforcement actions and requests for waivers of collateral consequences of those actions, reversing a 2021 shift that had
DOJ clarifies white-collar enforcement priorities and touts growth in whistleblower activity
The US Department of Justice is ramping up white-collar enforcement and working to incentivize corporate cooperation (or, failing that, whistleblowing). In recent speeches, Acting Assistant Attorney General Matthew Galeotti outlined the DOJ’s white-collar priorities—including health care fraud, trade fraud and
Coordinated market manipulation between an officer and a shareholder
AMF’s Self-Reporting and Cooperation Policy: A Positive Step Forward, Tempered by Discretion
On May 20, 2025, the Autorité des marchés financiers (the AMF)—Québec’s financial markets regulator—introduced its first Self-reporting and Cooperation Policy (the Policy).
The Policy is a positive advancement in fostering the self-disclosure of securities laws breaches. However, the
Québec Court of Appeal Dismisses the HEXO Securities Class Action
On April 16, 2025, the Québec Court of Appeal dismissed the appeal of Martin Dionne against HEXO Corp. and Sébastien St-Louis, its former Chief Executive Officer, affirming the Superior Court’s decision to deny authorization for a securities class action[1]
Artificial Intelligence Fraud: Beware of Succumbing to Technology’s Latest Fad
On April 9, 2025, in the case of Securities Exchange Commission v. Albert Saniger (Saniger),[1] the U.S. Securities and Exchange Commission (the SEC) charged Alberto Saniger Mantinan, former CEO of Nate, Inc., a privately held technology
Invitation to jointly purchase a condo or rental property to generate a return through renting or selling it qualifies as distribution of an investment contract under the Quebec Securities Act
On January 29, 2025, the Financial Markets Administrative Tribunal (the TMF) found that Ms. Alteon Senat, a representative of a mutual fund dealer and representative in insurance of persons, breached multiple provisions of the Securities Act (the QSA)
Foreign currency conversion fees charged by brokerage firms in the context of trades in securities listed on foreign exchanges are exempt from the application of the Consumer Protection Act
On January 30, 2025, the Quebec Court of Appeal rendered its first ever decision addressing the exemption of business practices and contracts regarding transactions governed by the Québec Derivatives Act or Securities Act from the application of the Consumer Protection