I have dealt with a number of issues in relation to publicly traded securities. I was lead counsel to the Senate Committee on Banking Trade and Commerce when it investigated and reported on the issue of misinformation in financial statements arising out of the Enron scandal in the United States. The provision in the Ontario securities legislation that gave secondary market holders a statutory cause of action against publicly traded issuers, arose, in part from that Enron situation. I comment below on the first merits case on that legislation.
Ontario Securities Act can reach onduct occurring entirely in the United States
Corrective disclosure: the latest ONCA case
I have otherwise represented individuals in relation to their dealings with the Ontario Securities Commission, in relation for example to not being registered dealers, interpreting the dealer requirements, and making misrepresentations in statements;
