Section 127 grants the OSC broad discretionary power to sanction market participants if it is in the “opinion” of the OSC to do so.
Ontario Securities Act
Text of section 127(1)
Abusive threshold – must be crossed before the OSC will sanction a market participant
Copies of the OSCB cases can be found on the T-drive.
Selected Texts in the Library Collection
Mary Condon, Making Disclosure: Ideas and interests in Ontario securities regulation, 1998. KF 1449 C656 1999
The Public Interest in Securities Adjudication. 2015. KF 4483 O81 P97 2015
Joseph Groia, Securities litigation and enforcement, 2012. KF 8841 G76 2012
LSUC – Special Lectures, 1989: Securities law in the modern financial marketplace. KF 1439 A2 S43 1989
Harmonization of business law in Canada, 1986 – eDoc
Wise Person’s Committee Report: It’s time – Research Studies, 2003 – eDoc
Mary Condon. Use of Public Interest Enforcement Orders. 2003. - eDoc
Copies of these articles can be found on the T-drive.
The Rule of Law: Rethinking the Public Interest Jurisdiction of the Ontario Securities Commission by: ( Joseph Groia and Brendan Monahan) (2018) 61 CBLJ 175. (WL).
Anita Anand. Carving the Public Interest Jurisdiction in Securities Regulation: Contributions of Justice Iacobucci. 2007.
Anita Anand. Securities Regulation at an Impasse: Developing Effective Regulation in an Ineffective Regulatory Regime. 2005.
Anita Anand. Was Magna in the Public Interest? 2011.
Paul Davis. The Exercise of the Public Interest Power by the OSC - A New Standard is Needed. McMillan, 2014
Brian D. Grayton. The Canadian Tire Decision - Coattails and the Public Interest. 1987.
Christie L. Ford. Toward a New Model for Securities Law Enforcement. 2005.
David J. Mullan. Willis v. McRuer: A Long-Overdue Replay with the Possibility of a Penalty Shoot-Out. 2005.
Gordon T. Houseman. Advance Notice Provisions: Oppression and the Public Interest. 2013.
Jeffrey G. MacIntosh. Standard Trustco Case Signals Expansion of the "Public Interest" Powers of the Securities Regulators. 1993.
Jeffrey G. MacIntosh. The Excessive Use of Policy Statements by Canadian Securities Regulators. 1993.
Jeffrey S. Leon & Carlo Di Carlo. A Fine Balance Being Tipped - A review of the Ontario Securities Commission's Public Interest Jurisdiction.
Mark R. Gillen. Increasing Overlap Between Securities Regulation and Corporate Law Has Consequences. 1996.
Marvin Yontef. Takeover Bid Defences: Issuing Securities to a Friendly Party - The Canadian Experience. 2013.
Mary Condon. Rethinking Enforcement and Litigation in Ontario Securities Regulation. 2006.
Nigel Campbell, Erin Hoult & David Badham. Lesser Included Non-Offences?: The Use of the Public Interest Power in Re Donald. 2014.
Sean Vanderpol & Edward J. Waitzer. Addressing the Tension between Directors' Duties and Shareholder Rights - A Tale of Two Regimes. 2012.
Tom Atkinson & Cullen Price. The Ontario Securities Commission's Public Interest Power: The Primary of Principles. 2014.