CIRO Celebrates pending legislation to enhance its investigative and enforcement powers in Ontario

In a recent Press Release, the Canadian Investment Regulatory Organization (CIRO) has applauded the Ontario government’s decision to give it what it calls the “full enforcement toolkit” of powers to investigate and bring enforcement proceedings against the individuals and firms it regulates. This toolkit includes a power that CIRO already has in Ontario – the power to enforce fines as judgments in the Superior Court. What is new is the ability in Ontario to compel witnesses to provide oral and documentary evidence during CIRO investigations and proceedings and express statutory immunity for CIRO staff for measures undertaken during the investigation ... [more] Full article
Ontario’s Top Court upholds decision significantly limiting proposed securities class action against Barrick Gold
In its decision last week in Drywall Acoustic Lathing and Insulation (Pension Fund, Local 675) v. Barrick Gold Corporation, the Court of Appeal for Ontario has upheld the decision of ... [more] Full article
Ontario’s top court defines “material change” in securities litigation
In a pair of companion decisions released on May 24, 2023 (Markowich v. Lundin Mining and Peters v. SNC-Lavalin Group Inc.) the Court of Appeal for Ontario respectively overturned and ... [more] Full article
Ontario’s top court overturns decision refusing leave to proceed with misrepresentation claim against mining company
In a decision released on May 24, 2023 in Markowich v. Lundin Mining, the Court of Appeal for Ontario overturned a Superior Court of Justice decision refusing leave to proceed ... [more] Full article
- SCC agrees to hear appeal on whether Securities Commission penalties can survive bankruptcy
- Court of Appeal Confirms No Duty to Disclose Beneficiary Changes
- Superior Court refuses leave to securities class action based on the difference between “Material Facts” and “Material Changes”
- Ontario’s top court reinstates securities class action against Cannabis company