Quasi-criminal proceedings: Securities commission raises stakes, grapples with results

By Doug McLeod and Daniel Szirmak (February 14, 2023, 2:41 PM EST) -- Over the course of 2022, the Ontario Securities Commission (OSC) increased its focus on quasi-criminal court proceedings, indicating a new willingness by the regulator to prosecute securities offences more aggressively. At the same time, however, the collapse of one of the OSC’s marquee cases in late 2022 shows the long-standing difficulty that Canadian securities regulators have faced in trying to obtain criminal or quasi-criminal convictions....