Tag archives: White Collar Crime

White Collar Criminals Beware – BC strengthening Securities Commission investigation and enforcement powers

By Kaitlin Smiley on October 30, 2019 Posted in Legislation, rules and policies, White collar crime

On October 21, 2019, the BC provincial government announced sweeping and significant changes to the BC Securities Act which are intended to give the BC Securities Commission (BCSC) the strongest powers in the country to impose tougher consequences for wrongdoers. Bill 33-2019, the Securities Amendment Act, 2019, sets out over 100 proposed amendments, many of … Continue reading

Findings of Fraud Constitute “Other Good Reason” to Order Security for Costs

By Erika Anschuetz on December 11, 2018 Posted in Other developments, White collar crime

Hung v Ontario Securities Commission, 2018 ONSC 6729 (Div Ct) The Divisional Court has released yet another chapter in the saga of one of the largest frauds in Canadian history. In 2017, after a 188-day merits hearing, the Ontario Securities Commission (the Commission) released its decision concerning allegations of fraud against Sino-Forest Corporation (Sino-Forest) and … Continue reading