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CSA releases sixth annual Enforcement Report

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.

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