The Canadian Securities Administrators (CSA) today released its fiscal year 2021-2022 Enforcement Report (the Enforcement Report), which outlines the specific actions that CSA members undertook in the past year to detect, disrupt and deter wrongdoing and hold securities law violators accountable.
Highlights from the fiscal year’s Enforcement Report include:
- 236 Investor Alerts warned the public about potentially harmful or illegal activity;
- 61 interim cease-trade and asset-freeze orders issued;
- 59 matters commenced involving 139 respondents;
- 14 crypto-related matters where the CSA took action in pursuit of clarifying and enhancing regulation;
- 44 individuals and 13 companies were banned from participating in the capital markets; and,
- 7 individuals received a combined total of 15.4 years of jail terms for criminal and quasi-criminal cases.
The 2021-2022 Enforcement Report is available for download from CSA’s website.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 -1004.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.
