Alberta Securities Commission: There is no shortage of securities regulators in Canada and one consequence of this is that a person or company may well be subject to a multitude of punishments or sanctions from different regulators should they run afoul of regulatory or statutory requirements.
The IDA: In the recent decision of Creditfinance Securities Limited, the IDA considered the obligations imposed upon members by Bylaw 19.5, namely the duty to fully cooperate with an IDA investigation.
The British Columbia Court of Appeal recently released reasons in a case that is of interest to securities brokers. The underlying reasoning of the Court’s decision in Hadcock v. Georgia Pacific Securities Corp., [2006] B.C.J. No. 3065 (C.A.)
New Secondary Market Liability Regime In Alberta: Amendments to the Securities Act (Alberta) came into force on December 31, 2006 introducing statutory civil liability for secondary market disclosure.

type Brokers' Report - February 2007