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Canadian Securities Administrators (CSA): 2011 Enforcement Report

James McRitchie, 02/28/2012 ,

Key highlights of the 2011 Enforcement Report:

66 of the concluded cases involved illegal distributions, which represented the largest category of concluded cases.
124 concluded cases involved a total of 237 individual and 128 companies that resulted in:

Fines and administrative penalties of more than $52 million
Nearly $50 million in restitution, compensation and disgorgement
Jail sentences against eight individuals

63 interim orders restricting trading and/or freezing the assets against 109 individuals and 108 companies.

126 matters commenced against a total of 231 individuals and 121 companies.

47 of the 124 concluded cases were concluded by a contested hearing before a tribunal.

31 appealed cases, an increasing number.

The 2011 Enforcement Report is now available. Also worth visiting is the CSA website.

Canadian, enforcement, international, regulation, securities

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