THE COURTS: Spence J. of the Ontario Superior Court of Justice recently released a decision which calls into question the ability of plaintiffs to asset that they are not bound by the terms of financial documents they have signed because they did not read them.
COMPLIANCE NOTES: On January 11, 2006, the Investment Dealers Association ("IDA") ordered Resolution Capital Inc. ("RCI"), an IDA member firm whose membership privileges had previously been suspended in 2005, to pay a fine of $51,729.00.
THE REGULATORS: On March 10, 2006, the Ontario Securities Commission ("OSC") and the Canadian Securities Administrators ("CSA") issued a notice regarding the status of proposed multilateral instrument 52-111 ("52-111") regarding reporting on internal control over financial reporting and proposed amended and restated multilateral instrument 52-109 ("52-109") regarding certification of disclosure in issuers' annual and interim filings.

type Brokers' Report - April 2006