In advance of Fraud Prevention Month, the Canadian Securities Administrators (CSA) today released its sixth annual Enforcement Report. The 2013 report highlights the overall enforcement work done by CSA members against those who breach Canadian securities laws.
In 2013, CSA members concluded 133 cases against 216 individuals and 166 companies. The cases concluded resulted in:
- Fines and administrative penalties of $35.4 million
- Almost $55 million in restitution, compensation and disgorgement
- Jail sentences handed down to eight individuals
The report also reveals the significant time and effort that Canadian securities regulators are investing in the development and implementation of online monitoring, cyber-surveillance technologies, and various tools to support forensic investigations as a means to protect investors from fraudulent investments.
The online version of the 2013 Enforcement Report is available on the CSA website.
Follow the CSA on Twitter (@CSA_News) for investor protection and investor education updates.
In October 2013, BC Securities Commission panels released three enforcement decisions and two settlements. The Mutual Fund Dealers Association (MFDA) issued two reasons for decisions relating to BC residents. The Investment Industry Regulatory Organization of Canada released no decisions in October 2013 relating to BC residents. You can find a summary of the cases below. […]
Learn about some of the ways you may seek recourse through a complaint, such as financial compensation