The Canadian Securities Administrators released a report detailing their enforcement activities between April 1 and September 30, 2005, today.
It reveals that the regulators pursued 49 new enforcement matters. They also concluded 56 cases that resulted in sanctioning orders or settlements that often included several persons or companies.
They also report that the self-regulatory organizations they oversee concluded 40 cases. The report covers such as cases the mutual fund market timing settlements, and it highlights joint hearings and joint enforcement activities, such as optionsXpress Inc. and Norshield Asset Management (Canada) Ltd.
Jean St-Gelais, chair of CSA, said that “the report demonstrates the vigorous enforcement of securities regulators to deter wrongdoing, protect investors and foster fair and efficient capital markets in which investors have confidence.”