Investors place significant trust in their financial advisors. Whether managing retirement savings, corporate funds, or private investments, advisors are expected to act with integrity, competence, and in accordance with their clients’ objectives. However, when that trust is abused, the financial consequences can be severe. Two of the most common forms of advisor misconduct that give […]
Category Archives: Investment Loss & Securities Litigation
When Market Commentary Crosses the Line: The Andrew Left Securities Fraud Verdict
A recent U.S. securities fraud verdict involving Andrew Left, the founder of Citron Research, has drawn significant attention across North American financial markets. The case focused on allegations that Left used his public platform, media appearances, and market influence to make statements about publicly traded companies while privately trading in ways that allegedly contradicted the […]
When “Guaranteed” Returns Guarantee Trouble: The Golden Zone Corporation Case
On April 22, 2026, the Ontario Securities Commission (OSC) announced criminal charges against Sejean Reid and Whitney Charles, both of Oakville, Ontario. The charges, fraud over $5,000 under section 380(a) of the Criminal Code of Canada, and laundering proceeds of crime under section 462.31, stem from an alleged investment scheme the pair operated under the […]
Arrest Made in Alleged $2.5 Million Investment Fraud in Toronto
A recent news report highlights the growing prevalence and complexity of investment fraud in Ontario. According to a CBC article, a Toronto man is facing multiple fraud charges in connection with an alleged multimillion-dollar investment scheme investigated by York Regional Police. While criminal proceedings may ultimately determine guilt or innocence, the case underscores a critical […]
Can a Financial Forecast Form the Basis of a Claim For Negligent Misrepresentation?
Misrepresentations are an essential topic in both contract and tort law. Where a party makes a misrepresentation to another that causes harm, that misrepresentation may be actionable as a tort. Such tortious misrepresentations are generally categorized as either fraudulent or negligent, and if proven, entitle the plaintiff to resulting damages. They also have consequences in […]
Supreme Court of Canada Considers Definition of “Material Change” in Securities Act
We previously wrote about a decision of the Court of Appeal that concerned the meaning of the phrase “material change” as found in the Securities Act. The case involved a plaintiff’s claim that the defendant company had failed to satisfy its statutory obligation to disclose “forthwith” a “material change” in its affairs. The case was […]
Court of Appeal Outlines Limits on the Power of the Securities Commission to Compel Production of Documents
The Court of Appeal recently issued a decision in Binance Holdings Limited v. Ontario Securities Commission, circumscribing the power of the Securities Commission to issue summonses for the production of documents. The case involved Binance Holdings Limited (“Binance”), a Cayman Islands corporation. Binance operates an online cryptocurrency asset trading platform and has been involved in […]
Exploring the Disgorgement Remedy Under the Securities Act
Section 127 of the Securities Act grants to the Capital Markets Tribunal of the Ontario Securities Commission the power to issue a broad range of remedial orders “if in its opinion it is in the public interest” to do so. In this post, we will focus on section 127(1)10, which gives the Tribunal the power […]
Concentrated Portfolios and Overweighting: When Lack of Diversification Becomes Negligent
Diversification is one of the most basic tenets of sound investment management. Whether you are a high-net-worth investor or a middle-class retiree, spreading your investments across different asset classes, sectors, and geographies is widely accepted as a prudent strategy to reduce risk. Yet time and again, investors discover that their portfolios were concentrated in one […]
Ponzi Schemes in Canada: How Ontario Investors Can Recover Their Losses
Ponzi schemes are among the most deceptive and damaging forms of investment fraud. Named after Charles Ponzi, who notoriously defrauded investors in the early 20th century, these schemes continue to surface across Canada, including Ontario. Investors are promised consistent, above-average returns, but in reality, the money from new investors is used to pay earlier participants, […]