Barbara Hendrickson, of BAX Securities Law has announced her candidacy in the Law Society of Ontario’s (LSO) 2019 Bencher Election. The Benchers, who sit on the LSO’s Convocation, play a vital role in determining policy and guidance regarding Ontario’s lawyers and paralegals. Benchers also sit…
Barbara Hendrickson, CEO and Founder of BAX Securities Law, was recently interviewed by Antonio DiMinno, host of the Legal Entrepreneurs Podcast. Barbara speaks about her background in the public sector, working for the Ontario Securities Commission (OSC), and in the private sector, and her experiences…
The Canadian Securities Administrators (“CSA”) has published CSA Staff Notice 51-356, Problematic Promotional Activities by Issuers (“CSA Staff Notice 51-356”). CSA staff have noted with concern instances by activities by some issuers that include questionable promotional or disclosure campaigns. These extend to the providing of…
The death of Canadian crypto exchange QuadrigaCX CEO Gerald Cotton in December 2018 and the platform’s subsequent filing for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on February 5th has left company officials struggling to locate roughly $180 million in missing cryptocurrency. Court…
With the granting of Royal Assent to Bill C-86 Budget Implementation Act, 2018, No. 2 (Bill C-86) on December 13th, 2018 changes are in store for how corporations maintain their records under the Canada Business Corporations Act (CBCA). Division 6 of Part 4 of Bill…
The British Columbia Securities Commission (BCSC) has published a new policy publication, BCN2019/01: Expiry of BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities and registration requirements for persons relying on BCI 32-517 (BCN2019/01). BCN2019/01 addresses the expiry…
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has published updated suspicious activity guidelines. FINTRAC is Canada’s financial intelligence unit and is tasked with the detection and prevention of money laundering and the financing of terrorist activities. The new, more concise guidelines include…
The Ontario Government has published the results of Expressions of Lottery Interest for retail Cannabis stores (the Lottery) the under Ontario Regulation 468/18 (the Regulation) made under the Cannabis Licence Act, 2018 (the License Act). According to the Alcohol and Gaming Commission of Ontario (AGCO),…
The British Columbia Securities Commission (BCSC) has published updates to National Instrument, N1 41-101, Prospectus Requirements (NI 41-101). These non-material amendments, which deal with Exchange Traded Funds (ETFs), became effective, December 10, 2018. The Amendments to NI 41-101: add a BC carve-out to the meaning…
In late November, 2018, the U.S. Securities and Exchange Commission (SEC) settled registration charges with two issuers of Initial Coin Offerings (ICOs), CarrierEQ Inc. (Airfox) and Paragon Coin Inc. (Paragon). These were the SEC’s first cases imposing civil penalties solely for ICO securities offering registration…