FOR IMMEDIATE RELEASE
January 12, 2007 – Montréal - The Canadian Securities Administrators (CSA) released their fifth report on enforcement activities today. Between April 1, 2006 and September 30, 2006, the regulators pursued 57 new enforcement matters. They also concluded 59 cases that resulted in sanctioning orders or settlements that often included several persons or companies. During the same period, self-regulatory organizations concluded 13 settlement agreements, and ordered sanctions in 17 cases, including one expulsion.
Jean St-Gelais, CSA Chair, said that “this report allows for greater transparency of the measures taken by the Canadian securities regulatory authorities and confirms their active participation in the application of the law.”
The report can be found on the CSA website, at www.csa-acvm.ca, and on many provincial regulators’ websites.
The CSA, the council of securities regulators of Canada’s provinces and territories, coordinate and harmonize regulation for the Canadian capital markets. Their mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of this protection is educating investors about the risk, responsibilities and rewards of investing.
For media inquiries:
Provincial and Territorial Securities Regulators
Yukon Securities Registry |
British Columbia Securities Commission |
Securities Registry |
Alberta Securities Commission |
| Nunavut Securities Registry Jennifer MacIsaac jmacisaac@gov.nu.ca 867-975-6591 |
Saskatchewan Financial Services Commission www.sfsc.gov.sk.ca |
| Manitoba Securities Commission Ainsley Cunningham aicunningh@gov.mb.ca 204-945-4733 1-800-655-5244 (Manitoba only) www.msc.gov.mb.ca |
Ontario Securities Commission Wendy Dey 416-593-8120 1-877-785-1555 (toll-free in Canada) www.checkbeforeyouinvest.ca www.osc.gov.on.ca |
| Autorité des marchés financiers Frédéric Alberro frederic.alberro@lautorite.qc.ca 514-940-2176 1 877 395-0558, # 2176 (Québec only) www.lautorite.qc.ca |
New Brunswick Securities Commission Rick Hancox Rick.hancox@nbsc-cvmnb.ca 506-658-3119 1-866-933-2222 (New Brunswick only) www.nbsc-cvmnb.ca |
| Nova Scotia Securities Commission Chris Pottie pottiec@gov.ns.ca 902-424-5393 www.gov.ns.ca/nssc |
Department of Attorney General Prince Edward Island Mark Gallant mlgallant@gov.pe.ca 902-368-4552 www.gov.pe.ca/securities |
| Financial Services Regulation Division Newfoundland and Labrador Doug Connolly Connolly@gov.nl.ca 709-729-2594 www.gov.nl.ca/scon |