Bernard Pinsky, Q.C. was quoted in the March Advisor’s Edge Report (Advisor.ca) compliance roundup, Five Provincial Regulators Adopt New Prospectus Exemption. The article discusses a new prospectus exemption for capital raising now available without an offering document in five provinces for issuers listed on a Canadian exchange. The key condition is that an investor must obtain advice from an investment dealer on the investment’s suitability.
Subscribe to our newsletters
Stay current on business and legal news, topics and trends
Related Content

Canadian Securities Regulators Propose to Revive and Streamline Rights Offerings
On November 27, 2014, the Canadian Securities Administrators (“CSA”) published for comment proposed amendments (the “Proposed Amendments”) to the rules governing rights offerings in Canada. ... Continued

The Truth, The Whole Truth and Nothing But the Truth: Misrepresentation, Non-disclosure, and the Insurer’s Duty to Inquire
Published January, 1995 Updated September, 2009* *with assistance from Kelsey O’Bray This paper outlines the law of misrepresentation and non-disclosure in the context of property ... Continued

Regulation FD Applies to Disclosure made through Social Media Channels
On April 2, 2013 the United States Securities and Exchange Commission (“SEC”) published a report of its investigation on whether Netflix, Inc. (“Netflix”) and its Chief Executive Officer, Reed Hastings (“Hastings”), violated Regulation FD and Section 13(a) of the Securities Exchange Act of 1934 when on July 3, 2012, Hastings announced on his personal Facebook page that Netflix had streamed 1 billion hours of content in the month of June. Though the SEC did not pursue enforcement action in the matter, it clarified in its report that Regulation FD applies to issuer communications and disclosures through social media channels, and that SEC’s Commission Guidance on the Use of Company Web Sites, Release No. 34-58288 (Aug. 7, 2008) (the “Guide”) also applies to corporate disclosures made through social media channels. The report also suggests that Regulation FD and the Guide apply to “push” technologies, such as email alerts and RSS feeds, and “interactive” communication tools, such as blogs.