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Low fine collection by securities regulators not due to lax enforcement, observers say

Tuesday, January 09, 2018 @ 2:13 PM | By Ian Burns

Over the past few months, there has been increasing focus on provincial securities regulators and their records of collecting fines from individuals convicted of securities fraud. Politicians and the media alike have called out the regulators for not adequately enforcing the fines they have levied.

A recent analysis by the Globe and Mail showed the amount of unpaid securities fines in Canada is more than $1.1 billion. The Ontario Securities Commission (OSC) has more than $360 million in unpaid fines, with an annual collection rate of just under...