On June 29, 2022, the CSA issued its 2021/2022 Enforcement Report. The report contains high level information which includes the following:
- The most common offence for proceedings commenced and concluded are Illegal distributions, and fraud.
- Disclosure violations, ‘misconduct by registrants’ and ‘public interest violations’ are also common for proceedings commenced and concluded, though the report does not include underlying details.
Also of note:
- There have been no no-contest settlements this past year.
- The OSC has awarded whistleblowers almost $9 million to date.
- Emphasis has been placed on collection of fines and penalties through court judgments and otherwise.
- Emphasis has also been placed on technology and analytics such as data mining the web, application programming interfaces for crypto asset trading platforms and the use of decentralized finance technologies. The Market Analysis Platform (MAP) is used by all CSA members to access and analyze trading activity.
- 236 investor alerts have been issued this past year. These are a useful tool for warning the public about harmful conduct and are up from 159 the previous year.
Click here to read the CSA 2021-2022 Enforcement Report