OSC 2016 Enforcement Statisitics

Recently, the Ontario Securities Commission released its 2016 Annual Report, including its enforcement statistics for the 2015-16 year. The OSC saw a decrease from 2014-15 in the number of cases assessed (down from 288 to 164), however, the number of such cases transferred to investigation remained relatively steady (down from 37 to 32). Similarly, while there was a decrease in the number of completed investigations (down from 54 to 35), the number of such cases transferred to litigation was somewhat stable (down from 28 to 24).

There was also a decrease in temporary orders issued, with 5 freeze directions obtained, compared to 13 in the previous year. 12 proceedings (concerning 40 respondents) were commenced before the Commission – down from 18 proceedings concerning 55 respondents in the previous year. Quasi criminal statistics remained steady with a slight increase, with 10 proceedings commenced, concerning 12 respondents, as compared to the previous year's 10