Related Readings & Resources
Articles
Examples of Best Practices
Jurisprudence
- McPherson v. Global Growth Assets Inc., 2025 ONSC 5226:
This is the first case addressing the interpretation of the anti-reprisal sections of the Securities Act. The Ontario Superior Court of Justice’s authoritative decision addresses the application of the anti-reprisal provisions under the Securities and interpreted the anti-reprisal sections to award a whistleblower an unprecedented over CA$5 million in damages when he was dismissed after making complaints. Significantly, the damages were awarded without reduction for other income earned by the employee following dismissal. - In the Matter of Coinsquare Ltd. et al. – OSC Tribunal Matter: https://www.capitalmarketstribunal.ca/en/proceedings/coinsquare-ltd-re/oral-reasons-approval-settlement-matter-coinsquare-ltd-et-al
The Ontario Securities Commission (OSC)'s first enforcement action against a crypto trading platform. It established regulatory oversight for crypto exchanges by addressing market manipulation (inflated trading volumes via wash trades) and retaliation against a whistleblower. The settlement also underscored the need for crypto firms to comply with securities laws and served as a warning to others in the industry.
International
- Integrity & Compliance Task Force - B20 South Africa 2025
Strengthening integrity, transparency, and ethical governance is fundamental to building resilient, inclusive economies. The B20 South Africa Integrity & Compliance Task Force is advancing emerging recommendations that help embed responsible business conduct and fight corruption across global markets and value chains.
Event Details
Canada’s whistleblower laws focus on the public sector and are hopelessly inadequate. Despite this, the private sector is different and has some good programs with protections for those that speak up and some laws are beginning to incorporate best practices.
Join a panel of private sector experts who will examine what is working, what the best practices are, and how we can continue to improve.
Co-Sponsored by Transparency International Canada and Whistleblowing International Network
Panelists:
Dave Chu, Head of Integrity Remediation & Monitoring, AtkinsRéalis
Andre Moniz, Head of the Office of the Whistleblower, Ontario Securities Commission
Michelle Wood-Tweel, Vice-President, Regulatory Affairs, CPA Canada
Moderator:
Sandy Boucher, Senior Fellow, Centre for Free Expression; Principal, Forensics, Doane Grant Thornton LLP
Zoom link to event torontomu.zoom.us/j/91941276567
This is a free event and no registration is required.
Please contact cfe@torontomu.ca if you require accommodation to ensure inclusion in this event.
