People interested in investor protection or education news and programs across Canada can now follow the Canadian Securities Administrators (CSA) on Twitter (@CSA_News).
The CSA will begin tweeting about key sections of its 2011 Enforcement Report released today that outlines how Canadian securities regulators are actively working to protect investors and prevent abusive conduct in the marketplace. Key highlights of the report include proactive measures taken by CSA members, such as using protective orders and communicating with investors, to prevent harm.
This year’s report demonstrates that enforcement action against wrongdoing in Canada’s capital markets is a top priority for Canadian securities regulators. CSA members concluded a total of 124 cases in 2011, involving 237 individuals and 128 companies. Of these cases, 24 were concluded in court proceedings, which resulted in nine jail sentences against eight individuals.
The CSA’s 2011 Enforcement Report is available for the first time in HTML format in which readers can navigate to specific sections of the report quickly and easily. The report also comes out in advance of Fraud Prevention Month in March, which highlights tools and resources Canadians can use to recognize and avoid investment fraud, and lets them know that they can turn to securities regulators for help.
We are discussing some things investors should be aware of in regards to the changeover to International Financial Reporting Standards (IFRS) in Canada. If you read our first blog post Introduction to IFRS for investors, you will know that Canadian Generally Accepted Accounting Principles (Canadian GAAP) for public companies transitioned to IFRS beginning January 1, […]
In this blog post, I will be writing about a surge in stock spam and how social media is being used to update an old scam that has been used to take money from older people for years. Pump-and-dump schemes on the rise in U.S. The Securities and Exchange Commission and the Financial Industry Regulatory […]