Enforcement
The Manitoba Securities Commission conducts
enforcement actions to protect the public and facilitate
confidence in markets. Enforcement actions are conducted
in cases where an investigation has found evidence of a possible
violation of law or where activities appear to pose a risk
to the public.
There are several types of enforcement
actions:
- If the activities of a salesperson
or firm registered with the Commission pose a risk to the
public, the Commission can restrict, suspend or cancel
a registration.
- If a person illegally or improperly
promotes the sale of securities to the public, the Commission
can order that person to stop trading in securities.
- Public companies are required to disclose
information to the market. The Commission can stop the
trading of securities of a public company in situations
where information is inaccurate or missing and where the
rules have not been followed.
- The Commission can decide whether an
order should be issued requiring repayment of a financial
loss to a member of the public (up to $100,000 per claim).
- The Commission can bring prosecutions
to court where there is an allegation of a violation of
the law. If found guilty by a Judge, the penalties for
these offences may include a fine or imprisonment.
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