The Manitoba Securities Commission is dedicated to protecting the public interest and will review and investigate complaints pertaining to securities, commodities and real estate matters.
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.