In Sharp v Autorité des marchés financiers, 2023 SCC 29, the Supreme Court of Canada provided further guidance about when provincial schemes to regulate securities can apply to individuals outside of that province. Because securities manipulation and fraud often transcend national or provincial borders, the Court reaffirmed that provincial securities regulators should be given latitude to take jurisdiction over issues that have a connection to their province. In this case, parties from British Columbia were subject to Quebec’s security regulation regime because they promoted and sold securities in Quebec. Several individuals based in British Columbia were alleged to be engaging ... [more] Full article
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