We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Mixed reaction to whistleblower initiative at OSC

Thursday, August 11, 2016 @ 8:00 PM | By Jeff Buckstein

The Ontario Securities Commission (OSC) has made history, launching the first paid whistleblower program by a Canadian securities regulator.

The province’s new Office of the Whistleblower will offer compensation of up to $5 million for tips that lead to enforcement action against breaches of Ontario’s securities law, including illegal insider trading, market manipulation and accounting and disclosure violations. Up to $1.5 million could be awarded in instances where sanctions are imposed, but the OSC is unable to collect.

“It’s really time to change the stigma of...