CSA Canadian Securities Administrators

For Immediate Release
February 21, 2013

Canadian Securities Regulators’ Enforcement Report Highlights Fraud

Calgary – The Canadian Securities Administrators (CSA) today released its fifth annual Enforcement Report that outlines how securities regulators are actively working to protect investors and the integrity of Canada’s capital markets. As securities fraud can cause tremendous harm to investors and Canada’s capital markets, this year’s report highlights the CSA’s fraud enforcement efforts.

“CSA members work hard to combat securities fraud and we place particular emphasis in our enforcement work on the violations that constitute fraud,” said Bill Rice, CSA Chair and CEO and Chair of the Alberta Securities Commission. “In addition to these efforts, CSA members stress that education is a valuable tool in deterring investors from becoming victims of fraud and others types of securities laws violations.”

The CSA’s 2012 Enforcement Report brings into focus the enforcement work done by CSA members against those who commit wrongdoing in Canada’s capital markets. CSA members concluded cases against 322 individuals and companies. Concluded securities fraud cases involved 66 individuals and companies.  

Key highlights of the 2012 Enforcement Report:

For the second year, the CSA’s Enforcement Report is available in HTML format, which allows users to navigate specific sections of the report quickly and easily. The report comes out in advance of Fraud Prevention Month in March, which highlights tools and resources Canadians can use to recognize and avoid investment fraud, and lets them know they can turn to securities regulators for help.  The CSA will continue to use its Twitter account to share information about the CSA and its programs, beginning with key sections of the enforcement report. People interested in investor protection or education news and programs are encouraged to follow the CSA on Twitter (@CSA_News).

The 2012 Enforcement Report is now accessible from the CSA website www.securities-administrators.ca and from the websites of various CSA members.

The CSA, the council of securities regulators of Canada’s provinces and territories,
co-ordinates and harmonizes regulation for the Canadian capital markets.

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For more information:

Mark Dickey
Alberta Securities Commission
Carolyn Shaw-Rimmington
Ontario Securities Commission
Sylvain Théberge
Autorité des marchés financiers
Richard Gilhooley
British Columbia Securities Commission

Ainsley Cunningham
Manitoba Securities Commission
Wendy Connors-Beckett
New Brunswick Securities Commission

506 643-7745
Tanya Wiltshire
Nova Scotia Securities Commission
Dean Murrison
Financial and Consumer Affairs
Authority of Saskatchewan
Janice Callbeck
The Office of the Superintendent
Securities, P.E.I.
Doug Connolly
Financial Services Regulation Division of
Newfoundland and Labrador
Rhonda Horte
Office of the Yukon Superintendent
of Securities
Louis Arki
Nunavut Securities Office
Donn MacDougall
Northwest Territories Securities Office