World Whistleblower Day: Canadian securities regulators recognize whistleblower contributions to fair and efficient markets

News provided by

Canadian Securities Administrators

Jun 21, 2024, 11:00 ET

CALGARY, AB, June 21, 2024 /CNW/ - Today the Alberta Securities Commission (ASC), the Autorité des marchés financiers (AMF), the B.C. Securities Commission (BCSC) and the Ontario Securities Commission (OSC) are acknowledging World Whistleblower Day, June 23, which is an occasion to commend whistleblowers who take action to expose misconduct, illegal practices and unethical behaviours. Collectively, we recognize the valuable public service that whistleblowers provide when they share information about securities misconduct within a company that would otherwise be difficult to detect.

"We are grateful to the individuals who have exposed misconduct so that it can be investigated and stopped," said Stan Magidson, Canadian Securities Administrators (CSA) Chair and Chair and CEO of the ASC. "We work to promote fair and efficient capital markets and protect investors. To that end, we stand for an environment where integrity and accountability are valued and wrongdoing is not tolerated.

"On behalf of the CSA and the individual jurisdictions, we thank all whistleblowers for their help to protect Canadians."

Additional information about each jurisdictions' whistleblower program is available at the following links:

Alberta Securities Commission

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Autorité des marchés financiers

In its role as regulator, the AMF works to maintain a financial sector that is dynamic, operates with integrity and warrants public trust. It regulates, in whole or in part, activities in the following sectors: insurance, securities and derivatives, distribution of financial products and services, deposit institutions, mortgage brokerage and credit assessment.

B.C. Securities Commission

The B.C. Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.'s investment market, we're committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.

Ontario Securities Commission

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets, and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at https://www.osc.ca.

For investor inquiries, please contact your local securities regulator.

For Media Inquiries:      

Tanja McMorris
Alberta Securities Commission
[email protected]

Sylvain Théberge
Autorité des marchés financiers
[email protected]

Brian Kladko
British Columbia Securities Commission
[email protected]

Andy McNair-West
Ontario Securities Commission (OSC)
[email protected]

SOURCE Canadian Securities Administrators

Organization Profile

Canadian Securities Administrators