British Columbia Securities Commission 2014 Annual Compliance Report Card

British Columbia Securities Commission Report

Exempt Market Dealers Beware! Get Ready Before the Regulators Come Knocking! In May 2014, the British Columbia Securities Commission (the BCSC) published its 2014 Annual Compliance Report Card (the Report Card). The Report Card summarized certain compliance deficiencies that were identified by the BCSC at BC-based portfolio managers, investment fund managers and exempt market dealers (EMDs) […]

Crowdfunding Experts Interview with Brian Koscak, Co-Chair ECFA Canada

By Brian Koscak - On May 29, 2014, I attended and spoke at a full-day conference held by the Equity Crowdfunding Alliance of Canada (the ECFA) in Vancouver, British Columbia. I was interviewed by Sydney Armani, Founder of Crowdfundbeat during the conference to discuss ECFA’s cross country tour on equity crowdfunding including highlights from the Vancouver event. [...]

Securities Dispute Resolution – Sample Client Disclosure Letter for Exempt Market Dealers and Others

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Effective May 1, 2014, all new registered dealers and advisors across Canada, except in Quebec, must take reasonable steps to ensure that the Ombudsman for Banking Services and Investments (OBSI) will be the independent dispute resolution or mediation service that is made available to a client that has an eligible complaint.  For more information about OBSI […]

Finders and Referral Agents Beware! Proposed Changes for Unregistered Individuals in Canada

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By Brian Koscak and Peter Dunne The Canadian Securities Administrators (the CSA) have proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Obligations (NI 31-103) that seek, among other things, to clarify the use of the “trade through or to a registered dealer” exemption in section 8.5(a) of NI 31-103 (section 8.5(a)). The […]

Movember is now over – Thank you for your support!

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This is my first year participating in Movember  as part of the Cassels Brock Movember Team. In case you have missed the many gentlemen walking around in November with moustaches (also called ‘staches’ or ‘Mos’) and wondered why they would be doing such a thing, it is for Movember! Movember provides support for world-class men’s health programs […]