FINANCE

The B.C. Securities Commission has alleged that Richard Gozdek and two other Lower Mainland men illegally sold investments in an Oklahoma oil deal to more than two dozen B.C. residents. In a notice of hearing, the...
As Canada gears up for public hearings into a controversial plan to introduce “no-contest” settlements for securities law breaches, the chief regulator in the United States is reining in use of the settlements that don’t...
No-contest settlements proposed by Canada’s largest securities regulator are “wrong in principle” and “would make a complete mockery of the enforcement process,” declared a former director of enforcement. Michael Watson, a special adviser to the RCMP’s...
The backlash against no-contest settlements has spread to the political realm in the United States, even as Canadian regulators consider adopting the controversial settlements to speed up enforcement. Citing concerns over the “accountability and transparency” of...