Lawyers from our Securities Defence Litigation Practice break down notable securities cases and give you the facts, findings and takeaways.
What is the standard expected of a dealer employee who is tasked with pricing securities for client reporting, and the compliance standard for reviewing that work? Can seniority affect the standard expected by regulators?
Can trading based on confidential information about a public company that is not admitted or found to be material give rise to liability under the Ontario Securities Act?
When does a limitation period begin for an investment loss claim where the client continues to have an account with an investment firm but receives no advice and does no trading in that account?
When is a securities dealer vicariously liable for the misconduct of an employee broker relating to “off-book” investments?
Is an employer required to compensate a dismissed employee for lost opportunity to earn “profit sharing” during a termination notice period?
The OSC overturned an IIROC sanction decision, imposing its own more onerous sanctions, thus signaling that IIROC should be imposing tougher sanctions even when unintentional wrongdoing is in issue.
What is the extent of retail branch and head office supervision?
This case addresses the “know your client” standard in the context of KYC forms; off-setting investment gains to reduce losses in damage quantification; and contributory negligence of a vulnerable (geriatric) client, all in the context of the market crash of 2008.