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ARTICLE · 13 MARCH 2017

CSA's 2016 Enforcement Report: Insights Into Securities Regulatory Activity

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The Canadian Securities Administrators (CSA) recently released its annual report on the enforcement activities of its members. The CSA is an umbrella group of Canada's securities regulators.

CanadaCorporate/Commercial Law

The Canadian Securities Administrators (CSA) recently released its annual report on the enforcement activities of its members. The CSA is an umbrella group of Canada's securities regulators.

Summary of 2016 Results1

Generally, enforcement and pre-enforcement activity, and monetary sanctions imposed by regulators decreased compared to 2015 but were higher than they were in 2014.

2016 2015 2014
Monetary Sanctions $62,148,866 $138,298,796 $58,239,156
Restitution, Compensation and Disgorgement $349,654,379 $111,651,429 $65,717,760
Commenced Cases (by notice of hearing, statement of allegations, or sworn Information) 56 108 105
Individual Respondents

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