Securities panel to seek wider powers and gain greater investigative roles
Jan 31, 2003
A long-awaited proposal to harmonize Canada's securities rules is set to recommend increasing the enforcement powers of regulators and their ability to apply tougher rules across all provinces through seeking increased financial penalties and prison terms as part of its attempt to unify Canada's securities laws.
Other proposals include giving securities regulators so-called freeze orders that would allow them to seize brokerage accounts indefinitely as part of an investigation.
The aim of the proposals group is attempting to develop uniform securities legislation by the spring of 2004.
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