Resources

Securities Litigation

When the Regulator Comes Knocking

Published: 07/14/2010

By Ellen Bessner, Peter A. Dunne

Now more than ever, there is increased attention being paid to regulatory infraction allegations as well as more scrutiny of the actions of capital market participants. For this reason, it is important to understand the process of a securities or regulatory investigation and how you can best prepare for one.

• Why might a matter be brought to the OSC or SRO’s attention?
• What process is followed, from investigation to adjudication of a matter?
• What are the potential liabilities?

We have prepared an informational podcast to describe the regulatory investigation process and to answer these questions as well as a chart that sets out what information compiled by investigators at IIROC or the MFDA you should expect the public to have access to and what information will remain confidential in the event that you have been the subject of a regulatory investigation.

This material will be of particular interest to reporting issuers, directors and officers of reporting issuers, and people registered with the Ontario Securities Commission and Self-Regulatory Organizations or SROs, including IIROC and MFDA.