Maple Approval Leaves Canada with Regulated Monopoly Stock Exchange
In a surprise move, the Competition Bureau cleared the Maple Group's bid to acquire TMX Group, Alpha Group, and Canadian Depository Services on July 4, 2012. On the same day, the OSC issued a recognition order regulating the Maple Group. These approvals leave Canada with one stock exchange that will operate as a regulated monopoly. [more] Full article
How high is too high? Appeal court finds that OSC penalties are not high enough to be unconstitutional
In a decision released in March in Rowan v. Ontario Securities Commission, 2012 ONCA 208, the Ontario Court of Appeal declined to overturn on constitutional grounds the substantial penalties imposed ... [more] Full article
MFDA panel finds that branch manager might have duty to monitor non-registrants at branch
The self regulatory organization for mutual fund dealers, the Mutual Fund Dealers Association of Canada ("MFDA"), made an interesting decision on May 8, 2012 on a motion by a branch ... [more] Full article
Mutual fund leveraging class action certified
In a decision released in February, Ontario Superior Court Justice J. B. Shaughnessy certified a class action against mutual fund dealer Investia Financial Services Incorporated, its franchisee, Money Concepts (Barrie), ... [more] Full article