Statements to Securities Commission are protected by absolute privilege

Kenneth Dekker — Wed, 02 Dec 2009 05:06:45 +0000

In his decision this Fall in Fraleigh v. RBC Dominion Securities, Ontario Superior Court Justice Newbould summarily dismissed an action brought by John Fraleigh against RBC Dominion Securities and one of its employees. The action was brought for allegedly false statements and testimony given before the Ontario Securities Commission claiming unusual trading activity in his RBC trading accounts – information that was later published in media reports. In dismissing Fraleigh’s action, Justice Newbould found that the claim arose entirely from testimony and other related communications to the OSC; communications that are protected by absolute privilege.

The Investment Dealers’ Association found not to owe a duty of care to disgruntled investors

Angela Yadev — Thu, 29 Jul 2004 19:01:49 +0000

Morgis v. Thomson Kernaghan & Co. (2003), 65 O.R. (3d) 321 (C.A.)

In a recent decision, Ontario’s highest Court considered whether liability can be imposed on the Investment Dealers Association of Canada (the “IDA”) for the economic losses sustained by investors in…

The Litigator - Affleck Greene McMurtry, LLP » investment dealer

Statements to Securities Commission are protected by absolute privilege

The Investment Dealers’ Association found not to owe a duty of care to disgruntled investors