The Advocates' Society Communities

Securities Litigation

Posts: General

Joel
Posted by Mr. Joel W. on Mar 30th, 2017 9:34am
                                                       DUTY TO WARN                      ...
Joel
Posted by Mr. Joel W. on Feb 28th, 2017 10:05am
              SUMMARY JUDGMENT MOTIONS and LIMITATION PERIOD DEFENCES                         in INVESTOR LOSS ACTIONS:  A MARRIAGE...
Joel
Posted by Mr. Joel W. on Dec 6th, 2016 11:01am
                                                                MARGIN/LEVERAGE...
Joel
Posted by Mr. Joel W. on Nov 15th, 2016 9:26pm
                                                            the last nail on best interests      ...
Joel
Posted by Mr. Joel W. on Oct 20th, 2015 2:47pm
                                                Mass Claims by Retail Investors against Dealers                  ...
Joel
Posted by Mr. Joel W. on May 19th, 2015 1:06pm
                                                                  Comment on...
Joel
Posted by Mr. Joel W. on Oct 24th, 2014 9:38am
                    Financial Advisors: Sales Representatives or Professionals?...
Usman
Posted by Mr. Usman S. on Oct 17th, 2014 11:02am
Usman M. Sheikh sits down with Dr. Maila to discuss Lessons Learned from the Global Financial Crisis, How to Manage Systemic Risk, the Role of Securities Regulators in Risk Management, the Need for a National Securities Regulator and More... US:  "... if I can put to you a...
Joel
Posted by Mr. Joel W. on Aug 26th, 2014 10:16am
                                             Comment on a ‘Best Interests Standard                        ...
Jonathan
Posted by Mr. Jonathan W. on Jul 11th, 2014 9:48am
The British Columbia Securities Commission (“BCSC”) recently departed from past practice by permitting Augusta Resource Corporation’s (“Augusta”) shareholder rights plan or poison pill (the “SRP”) to remain in effect for up to 156 days, in the face of a...
Alec
Posted by Mr. Alec M. on Jun 25th, 2014 2:40pm
The Ontario Securities Commission (the “OSC”) has dismissed Conrad Black’s request for a stay of the proceeding against him in which the OSC is seeking a reciprocal order based on the findings and convictions from criminal and regulatory proceedings in the US (the “US...
Usman
Posted by Mr. Usman S. on Jun 12th, 2014 3:57pm
Usman M. Sheikh sits down with Ms. Wolburgh Jenah to discuss a No Contest Settlement Policy for IIROC, Regulating High Frequency Traders and Dark Pools, Advancing the Role of Women, A Possible IIROC / MFDA Merger, Learning from Market Crises and More.   Ms. Wolburgh Jenah serves...
Usman
Posted by Mr. Usman S. on Jun 5th, 2014 11:51am
Judge Rakoff Overturned: SEC-Citigroup Settlement Sent Back for Reconsideration Authors: Alan P. Gardner and Usman M. Sheikh In a long-awaited decision, the United States Court of Appeals for the Second Circuit today overturned Judge Rakoff's highly controversial decision which refused...
Usman
Posted by Mr. Usman S. on Apr 21st, 2014 1:09pm
Usman M. Sheikh sits down with Ms. Schapiro to discuss High Frequency Trading and Michael Lewis' Flash Boys , Madoff's Ponzi Scheme, the SEC's No-Admit No-Deny Policy, a Canadian National Securities Regulator and More.  Ms. Schapiro served as the 29th Chairman of the U.S. Securities and...
Mark
Posted by Mr. Mark A. B. D. on Nov 20th, 2013 11:16am
In a March 2009 episode of the television series South Park , Stan Marsh, one of the show’s 10-year-old protagonists grudgingly agrees to place $100 of birthday money into a long-term savings account at his father’s request so that it can “grow over the years”. The...
Jonathan
Posted by Mr. Jonathan W. on Jul 16th, 2013 10:09am
Recent amendments to the Ontario Securities Act (“OSA”) significantly enhance the ability of the Ontario Securities Commission (the “OSC”) to share information across borders and to prosecute and penalize insider trading and fraud violations. These amendments reflect...
Usman
Posted by Mr. Usman S. on Oct 26th, 2012 9:14am
Harry Markopolos blew the whistle on Bernie Madoff’s Ponzi scheme, considered one of the largest in the world. He has since testified before Congress (copy and paste this address into your browser to view Mr. Markopolos' testimony:...
Joel
Posted by Mr. Joel W. on Sep 4th, 2012 10:30am
The current situation regarding the licensing of and regulating individuals providing investment advice to the investing public is that there is no comprehensive system, and to the extent licensing and regulation are in place, an overlapping series of regulators occupy the territory. As to...
Melissa
Posted by Ms. Melissa J. M. on Aug 2nd, 2012 9:57am
On August 1, 2012, the OSC released its reasons in the Hearing and Review proceeding commenced by IIROC in respect of a decision of the Ontario District Council of IIROC in the matter of Mark Allen Dennis (“Dennis”). In the disciplinary hearing before IIROC (which Dennis did not...
Fredrick
Posted by Mr. Fredrick S. on Jun 13th, 2012 10:18am
In Deeb v IIROC , a decision from the bench rendered on June 11, 2012, the Divisional Court held that IIROC Business Conduct Reports are not generally susceptible to judicial review. The applicant, an IIROC member firm, took aim at a Business Conduct Report . The Court held that judicial...
Melissa
Posted by Ms. Melissa J. M. on Jun 5th, 2012 8:59am
On May 31, 2012, the Ontario Securities Commission (the "Commission") released its reasons for decision in respect of Mitchell Finkelstein's motion to stay the enforcement proceeding against him in relation to his alleged involvement in an illegal insider trading and tipping scheme (the...
Joel
Posted by Mr. Joel W. on Apr 5th, 2012 2:35pm
There are, of course, many ways for persons to lose money in their investments in securities; however, reading the 2011 Quebec Court of Appeal decision in Robitaille v. National Bank Financial 1 reminded me of a similar fact situation in a case Paul Le Vay and I had some years back. And if...
Joel
Posted by Mr. Joel W. on Jan 4th, 2012 2:12pm
ON NO CONTEST SETTLEMENTS By Joel Wiesenfeld * The submissions to the Ontario Securities Commission and media articles commenting on the proposal of the OSC for a no contest settlement program have been pouring forth at a fast and furious pace.   There has been...
Paul
Posted by Mr. Paul H. L. on Dec 2nd, 2011 10:48am
Generally speaking, to settle an OSC enforcement proceeding, a respondent must enter into an agreement with Staff in which he makes admissions of fact and expressly acknowledge that those facts constitute either breaches of Ontario securities law and/or conduct contrary to the public interest....
Joel
Posted by Mr. Joel W. on Nov 28th, 2011 1:15pm
    ON RANKIN AND DISCLOSURE By Joel Wiesenfeld * There is one particular interesting aspect of the OSC Reasons and Decision released November 21, 2011 in the Application brought by Andrew Rankin under Section 144 of the Securities Act to revoke the...
Joel
Posted by Mr. Joel W. on Nov 2nd, 2011 10:01am
  ADR OF INVESTOR LOSS CLAIMS IT ALL COMES DOWN TO RESPECT By Joel Wiesenfeld * There is a crisis of confidence by many investment and mutual fund dealers in the integrity and competence of the alternative dispute resolution services (“ADR”) currently...
Joel
Posted by Mr. Joel W. on Sep 7th, 2011 2:50pm
Everyone at some point has a book they carry with them, physically or psychically, whether it be Mao Tse Tung’s Little Red Book , T.S. Eliot’s The Waste Land , or the MLA Style Sheet .  The book acts as both a teddy bear for the residual child in each of us and as a...
Joel
Posted by Mr. Joel W. on Jun 9th, 2011 1:38pm
On June 7, 2011, IIROC published on its website a Notice and News Release in the Matter of Kenneth Nott, Aidin Sadeghi, Christopher Kaplan, Robert Nemy and Jake Poulstrup regarding Sanction Reasons and Decision issued by an IIROC Hearing Panel of the Ontario District Council (click here for...
Paul
Posted by Mr. Paul H. L. on Jun 7th, 2011 1:58pm
Hi all,  The OSC today announced the appointment of Professor Mary Condon of Osgoode Hall Law School, currently a Commissioner, as a new Vice-Chair, replacing Lawrence Ritchie who has been seconded to the Canadian Securities Transition office.   Two new Commissioners have also...
Sean
Posted by Mr. Sean K. B. on Apr 21st, 2011 3:34pm
By Sean K. Boyle On March 31, 2011, the British Columbia Securities Commission (Commission) overturned a decision of a hearing panel (Panel) of the Investment Industry Regulatory Organization of Canada (IIROC) which held an investment advisor violated certain IIROC bylaws and rules....
Paul
Posted by Mr. Paul H. L. on Mar 7th, 2011 10:34am
On December 3, 2010, the Commission provided notice of two decisions it had made in March and October 2010 respectively in the matter of   X Inc . Both matters had been heard in camera. The backdrop...
John
Posted by Mr. John A. F. on Feb 10th, 2011 1:39pm
By John Fabello In a decision released by the OSC (Chair Carnwath and Commissioner Perry) on December 15, 2010 in Credifinance et. al ., the OSC set aside a penalty decision of IIROC, on the basis that the reasons given by IIROC were “ so inadequate as to constitute and...
Joel
Posted by Mr. Joel W. on Feb 10th, 2011 1:35pm
By Joel Weisenfeld In a world of constantly expanding regulatory authority, IIROC is very commendedly proposing a limitation on its enforcement powers in an important respect. IIROC has published a Notice (link attached) requesting comment on its proposal to (finally) establish a...
Joel
Posted by Mr. Joel W. on Feb 10th, 2011 1:30pm
By Joel Wiesenfeld (As published in the Financial Post on Nov 16, 2010) A large financial institution enters into a Settlement Agreement with a Canadian securities regulator, admitting to regulatory liability and agreeing to pay a fine and costs.  There is an inevitable...
Theresa
Posted by Ms. Theresa L. on Feb 10th, 2011 12:18pm
Welcome to everyone who has been part of the informal securities group that Paul and Joel organized ... and to new group members as well!  For those of you I have not yet met, let me virtually introduce myself!  My name is Theresa Leitch. I started with The...
version 2.33.8 :: gl-001-app.golightly.com
Desktop View