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ARTICLE · 05 JANUARY 2018

The Real Problem Canadian Capital Markets Regulators Face

In recent weeks, The Globe and Mail has published several scathing articles concerning Canadian securities regulators and Canadian capital markets. The Globe identified several deficiencies...

CanadaCorporate/Commercial Law

In recent weeks, The Globe and Mail has published several scathing articles concerning Canadian securities regulators and Canadian capital markets. The Globe identified several deficiencies in the regulators' enforcement and oversight of Canadian capital markets. Among other things, the Globe highlighted a lack of coordination among regulators, their inability to deter repeat offenders, and that over $1 billion in fines have gone uncollected.

The Canadian Securities Administrators responded to these revelations with a letter that seems to have been an attempt to save face, rather than a good-faith effort to address the real and substantial issues uncovered by the Globe's investigative reporters.

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