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B.C. changing securities law to allow self-regulators to enforce orders in court

Tuesday, April 24, 2018 @ 9:24 AM | By Ian Burns

The government of British Columbia is moving to strengthen its securities law to allow self-regulators to pursue fraudsters in court, but a legal expert is saying the changes are not likely to increase the amount of fines that are collected.

Finance Minister Carole James announced April 16 that the province would be introducing amendments to the provincial Securities Act that would allow the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA) to enforce penalties as court orders against investment dealers who...