This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Canadian Securities Regulators' 2013 Enforcement Report Highlights Advanced Technologies To Combat Illegal Activities

CALGARY, Feb. 20, 2014 /CNW/ - The Canadian Securities Administrators (CSA) today released its sixth annual Enforcement Report that reveals the significant time and effort that Canadian securities regulators are investing in the development and implementation of on-line monitoring, cyber-surveillance technologies and various tools to support forensic investigations as a means to protect investors from fraudulent investments.

"Canadian securities regulators are responding to on-line violations that continue to grow in sophistication, number and complexity with the development of new cyber tools to efficiently identify and halt illegal activities," said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. "As on-line schemes frequently transcend geographic boundaries, CSA members collaborate and share information whenever possible with each other, international securities regulators as well as law enforcement agencies to protect investors and to foster markets that are fair, efficient and transparent."

The CSA's 2013 Enforcement Report brings into focus the overall enforcement work done by CSA members against those who breach Canada's securities laws. CSA members concluded a total of 133 cases against 216 individuals and 166 companies.

Key highlights of the 2013 Enforcement Report:

  • Cases concluded against 156 respondents by contested hearings, 150 respondents by settlement agreement and 76 respondents by court decision.
  • Cases concluded resulting in:
    • Fines and administrative penalties of $35.4 million;
    • Almost $55 million in restitution, compensation and disgorgement; and
    • Jail sentences handed down to eight individuals.
  • 112 cases commenced against a total of 160 individuals and 110 companies.
  • 35 interim and asset freeze orders issued against a total of 76 individuals and companies.

The report has been launched in advance of March's Fraud Prevention Month, which highlights the tools and resources available to Canadians to recognize and avoid investment fraud, and how to turn to securities regulators for help. To learn more about investor protection or investor education follow the CSA on Twitter (@CSA_News).

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.36 +9.79 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs