In a recent decision that underscores the seriousness with which Ontario’s securities regulators and courts treat investor fraud, the Ontario Divisional Court dismissed an appeal by Jiubin Feng and CIM International Group Inc. (CIM) from significant sanctions imposed by the Ontario Securities Commission’s Capital Markets Tribunal. The case—Feng v. Ontario Securities Commission, 2025 ONSC 2268—involved […]
Category Archives: Investment Loss & Securities Litigation
Civil Fraud in Focus: Lessons From the William Santor Case
The case of William Santor, a Canadian film financier accused of orchestrating a massive fraud through his company, Productivity Media Inc. (PMI), has sent shockwaves through the entertainment and investment industries. With allegations of misappropriating at least $44.5 million in investor funds, the scandal is a stark reminder of how sophisticated schemes can exploit trust […]
Canada’s Highest Court Considers Effect of Bankruptcy on Penalties Imposed Under Securities Legislation
Two general purposes underlie the bankruptcy regime set out in the Bankruptcy and Insolvency Act (the “Act”): the equitable distribution of the assets of a bankrupt amongst their creditors and the financial rehabilitation of the bankrupt. The latter purpose is reflected in section 178(2) of the statute, which releases a bankrupt from all claims provable, […]
Court Certifies Class Action Proceeding Against Trading Platform Binance
We have previously written about the cryptocurrency asset trading platform Binance, which is the subject of an Ontario Securities Commission investigation. A certification motion was recently brought against the Binance group of companies on behalf of purchasers of “cryptocurrency derivative products.” In Lochan v. Binance Holdings Limited, the Superior Court of Justice approved class action […]
Court of Appeal Clarifies Meaning of “Material Change” in Securities Act
A recently released decision of the Court of Appeal has addressed the meaning of “material change” as it is used in the Ontario Securities Act. In Markowich v. Lundin Mining Corporation, the plaintiff sought to advance a claim against the defendant company in which he held shares, specifically the statutory cause of action set out […]
What You Should Know About Investment Fraud in Ontario
Investment fraud is quickly becoming a common occurrence experienced by Ontarians and can be challenging to realize before it is too late. There are a substantial amount of investment products available on the market, which can easily overwhelm the average Canadian investor. Therefore, many individuals looking to make smart investments look to financial professionals, such […]
Receiver, Investors at Odds Over Best Method to Recover Investment Losses
Bridging Finance is an Ontario private-debt fund that touted itself as a seemingly risk-proof investment option but has been facing intense scrutiny for the past couple of years by the Ontario Securities Commission over concerns of investment fraud. Now, investors are facing losses of over $1 billion dollars as an appointed receiver is struggling to […]
How to Protect Yourself from Investment Fraud
The ability to trust the person or institution that oversees your money is essential. Whether you’re investing a relatively modest amount or millions of dollars, the negligence or bad faith actions of those entrusted with the money can be devastating for the investor and their family. There has been no shortage of headlines over the […]