Canada’s top capital market regulator is apparently a toothless tiger no more. Recent data released by the Ontario Securities Commission revealed the country’s largest provincial securities watchdog “commenced an increased number” of criminal and quasi-criminal proceedings in the courts last year, successfully secured jail terms for a couple of miscreants and collected more money from folks who violated securities laws, all the while strengthening its alliances with other police services. Now it’s in the process of combining forces with the RCMP under one roof.
So impressive was this track record that OSC chair Howard Wetston was hauled out to unveil them publicly. Finally, it seemed, the much-maligned (some of it unfair) commission had the statistical chops to show it really was a serious force.
Theresa Tedesco – FINANCIAL POST – APRIL 7, 2015.
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