The Canadian Securities Administrators (CSA) has collected $20 million in sanctions, put out 159 investor alerts, banned 38 individuals from participating in Canada’s capital markets and given seven individuals a combined total of 15.4 years of jail terms for criminal and quasi-criminal cases during its 2020-2021 fiscal year.
“This year’s Enforcement Report highlights how CSA members adapted quickly to evolving circumstances by introducing new ways of protecting investors, while staying ahead of emerging issues and trends,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers.
Members hone their skills
The report outlines how CSA members continued to strengthen their technical knowledge on critical and emerging topics, such as open-source intelligence and mobile forensics, and implement best practices and tools across the country to recognize and target fraudulent activity.
In October, the CSA formally launched the Market Analysis Platform (MAP), a data repository and analytics system designed to help all CSA members identify and analyze market misconduct. The system has increased efficiency and speed in accessing and analyzing trading activity, which is critical as capital markets continue to evolve.
