Ontario Securities Commission on alert amid ‘uptick’ in scams during pandemic

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

Canada Headlines News

Canada Latest News,Canada Headlines

When acting head Grant Vingoe took the helm of Canada’s biggest market watchdog on April 15, it was anything but business as usual

Grant Vingoe’s first days as head of Canada’s largest capital markets regulator were anything but business as usual.

“People are particularly susceptible right now,” the 62-year-old said, adding that there has been an “uptick” in this type of fraud that has caused the OSC to issue five alerts warning investors. Some alleged perpetrators appear to be scammers who’ve pivoted from other schemes to target those vulnerable to health concerns, he said.

“It’s been challenging in the home environment,” said Vingoe, who joined the OSC in 2015 after serving as a partner at law firms in New York and Toronto — most recently Norton Rose Fulbright, where he specialized in capital market transactions and the regulation of financial institutions. In addition to enforcement duties, market watchdogs around the world including the OSC are reacting in real time to the impact the pandemic is having on companies and the way they are regulated. Some firms are unable to hold timely meetings or make regularly scheduled disclosures to the watchdog and to investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Security guards in high demand, face more stress on job during COVID-19 pandemicUnited Food and Commercial Workers Local 333 says 1,500 security jobs are immediately available in Ontario, many of them well-paying
Source: globeandmail - 🏆 5. / 92 Read more »

Philippine government agency orders leading broadcast network to halt operationsThe order sparked shock over the loss of a major news provider during the coronavirus pandemic A desperate move by a thuggish govt known mostly for the slaughter of its own people.
Source: globeandmail - 🏆 5. / 92 Read more »

Contact tracing a key task as provinces reopen amid pandemicB.C. is now conducting about 2,500 COVID-19 tests daily, which led to dozens of confirmed cases every day GlobeBC Too bad Trudeau didn't do that for any of us that came back from abroad with a fever. Oh wait, he didn't screen at all. GlobeBC Errrr should have been done 2 months ago GlobeBC Fake news
Source: globeandmail - 🏆 5. / 92 Read more »

Sidney Crosby donates 100,000 meals to Pittsburgh Food Bank - Sportsnet.ca“I saw the people of Pittsburgh coming together to help one another and I wanted to be a part of that.” Sidney Crosby is donating 100,000 meals to the Greater Pittsburgh Community Food Bank, which equate to 120,000 pounds of food. solid Canadian like justinbieber pandemic HeroesInLife thanks JustinBieber & 87 for helping during this time of need! 🇨🇦🇨🇦🇨🇦 lockdown COVIDー19 coronavirus ThePoniExpress Sidney Crosby does so so much for the city of Pittsburgh. What an honor to have him and MarioLemieuxFdn in the same city for the last 36 years and counting. Thank you Sid!!! 👍🏻👍🏻🙏🏻🇺🇸🙏🏻🍀🍀🇺🇸🇺🇸🙏🏻 sid W
Source: Sportsnet - 🏆 57. / 59 Read more »

Sports leagues team up to celebrate health care workers - Sportsnet.ca'The Real Heroes Project' will recognize and celebrate health care workers for their efforts during the coronavirus pandemic.
Source: Sportsnet - 🏆 57. / 59 Read more »

CFL’s Ambrosie is riding on a smile and a shoeshine (and hoping for a handout)CFL’s Ambrosie is riding on a smile and a shoeshine (and hoping for a handout) Globe_Sports Globe_Sports When the millionaire owners finish depleting their life savings to keep their business afloat (just like other small business owners across Canada), then we can talk about handouts. Globe_Sports Advertisers, season ticket holders, TV networks yes. Taxpayers no. Globe_Sports Might be time to ask the NFL and it’s billions to adopt us as a farm league. Yea we’ll have to switch to 4 downs, smaller field, but keep a practical Canadian players quota, Grey Cup etc and stop the bleeding. Might even increase interest?
Source: globeandmail - 🏆 5. / 92 Read more »