Our Team

Laura Paglia

Partner

	Direct: 416.865.8192 Office: Toronto Fax: 416.865.7380 Email: lpaglia@torys.com

	Laura focuses exclusively on securities litigation and regulatory matters.

Practice

Laura Paglia practices exclusively in the area of securities litigation and regulatory matters. Her practice focuses on the representation of investment dealers, mutual fund dealers, futures dealers, registered representatives, salespersons, compliance professionals and other market participants. She provides ongoing legal advice on compliance and regulatory matters as well as representation in civil and regulatory proceedings and investigations conducted by the Investment Industry Regulatory Organization of Canada, the Mutual Fund Dealers Association of Canada, the Ontario Securities Commission and other regulatory bodies. Laura regularly appears as counsel before the courts at various levels, these tribunals and in commercial arbitrations.

Cases

Laura has been involved in representing

a number of institutional investment, mutual fund and futures dealers, individual registrants and market participants in the defence of civil and regulatory claims involving matters such as the Universal Market Integrity Rules and other trade desk issues including deceptive and manipulative trading, discretionary or unauthorized trading, suitability of investments, product due diligence including issues surrounding alternative or prospectus-exempt investments, outside business activities, anti money laundering, fitness for registration and other liability for the alleged misconduct or negligence of dealers, individual registrants, compliance professionals and other market participants
members in the defence of disciplinary proceedings before Investment Industry Regulatory Organization of Canada, the Mutual Funds Dealers’ Association and other regulatory tribunals
carrier brokers in commercial arbitrations and other civil proceedings regarding disputes in respect of introducer/carrier broker agreements

Selected Publications and Presentations

The Fiduciary Standard and Beyond: Rethinking the Financial Advisor-Client Relationship
FAIR Canada and Hennick Centre for Business Law | March 25, 2010

Know Your Product, Suitability Concerns Regarding Prospectus Exempt Securities
Osgoode Professional Development CLE, Legal Risk Management in Retail Investment | November 12, 2009

Reviewing for Suitability of Leverage in the Mutual Fund Industry
Panelist, Association of Canadian Compliance Professional 7th Annual Compliance Forum, Toronto | May 28, 2008

Dispute Resolution in Retail Investor Loss Cases, IDA Arbitration Program
Osgoode Professional Development Program, Industry Roundtable, Toronto | January 2008

Divine Discoveries III: Building a Great Case (YLD)
Ontario Bar Association | 2008

Dealing with Client Complaints from an IDA and MFDA perspective
National Society of Compliance Professionals, Canadian Membership Meeting, Toronto | June 2007

Doing Business Across Borders and Across Affiliates
Seminar, Eighth Annual Regulatory Compliance for Financial Institutions | September 2006

Some Observations on the Practical Impact of the Timing of Mandatory Mediation
Joint Ontario Bar Association and ADR Institute Seminar | 2005

Current Client Redress Issues in Broker Client Litigation
Advanced Securities Litigation Seminar, Continuing Legal Education | 2003

Some Considerations Concerning Claims Arising from Transactions in Securities
Co-author, Investment Industry Malpractice Seminar, Canadian Bar Association | 1999

Regulators' Obligation of Disclosure, Strategies for Managing Enforcement Proceedings in the Financial Services Industry Conference
Co-author, Strategy Institute | 1999

Selected Media Highlights

February 17, 2011: Laura Paglia discusses the SEC's recommendations on fiduciary standards with Investment Executive

September 14, 2010: Alberta appeal court ruling cleans up mess made at trial, Laura Paglia writes in The Globe and Mail

April 5, 2010: Standards already exist in Canada regarding financial advisers' fiduciary duties, says Laura Paglia in Law Times

March 30, 2010: Courts have demonstrated they will rule for clients who argue their advisors have breached the lower standard 'duty of care', says Laura Paglia in The Globe and Mail

March 28, 2010: Investors are otherwise restituted without needing to go to a fiduciary standard, says Laura Paglia in Investment Executive

August 31, 2009: Past complaints against advisors not admissible in court. This issue is a very common request…these kinds of motions are generally unsuccessful, says Laura Paglia in Investment Executive

Memberships

The Advocates’ Society
The Metropolitan Toronto Lawyers Association

Practice Areas and Industry Groups

Broker/Dealer Litigation Securities Litigation and Dispute Resolution Administrative and Regulatory

Bar Admissions

Ontario, 1997

Education

LLM, Securities
Osgoode Hall Law School, in progress

LLB, 1995
Osgoode Hall Law School, York University

Conferences and Events

April 17, 2012

The Art of Settling a Dispute: A Step-by-Step Guide to Negotiation, Papering the Deal and Enforcement, Toronto, ON