Neill May quoted in "OSC Widens Net: Enforcement for non-Canadian securities", Lexpert Magazine's May 2015 edition
|Area||Corporate Finance and Securities|
Excerpt from "OSC Widens Net: Enforcement for non-Canadian securities", by Sandra Rubin:
Neill May, a partner at Goodmans LLP, says his gut reaction when he read Hariharan was to wonder why the OSC didn’t just refer the case to the US Securities and Exchange Commission. It’s not that he disagrees with the prosecution; it’s just that the OSC seems to be exercising its public-interest jurisdiction alarmingly often. “It used to be there would be one of these public-interest cases, and then years with nothing. It started with Canadian Tire in the 1980s. Then it was something like 15 years before Asbestos, then maybe another 10 years before the next one — but now we’re seeing them with significantly increasingly frequency.”
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