Canadian regulatory organizations are facing a wide gap between levying fines to punish fraudulent behaviour and collecting those fines.
The BC Securities Commission (BCSC), for example, issued $172 million in financial penalties in the 2014-15 fiscal year and, more than a year later, has received only about $1 million, or approximately 0.6%, the BCSC’s director of enforcement, Peter Brady, told Business in Vancouver.
GLEN KORSTROM – Business in Vancouver – April 11, 2016.
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