LAW 602 Lecture Notes - Lecture 10: Ontario Securities Commission, Regulatory Offence, Alberta Securities Commission
12 Feb 2018
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Document Summary
Individual users need to be encouraged to be more responsible and proactive. Public awareness should be facilitated at all levels of community educating young children about online communications with strangers, risks of online commerce. Facilitate relationships between investigative agencies and private sector. Marie introduced strict liability for regulatory offences, also applies to administrative penalties: many provinces have put in place administrative monetary penalty schemes to avoid prosecution, eg. , ontario environmental. Branch has power to fine, suspend, cancel licence: administrative sanctions can have very serious consequences for licensee, including loss of livelihood. In case liquor license suspended for 30 days, establishment ordered closed during that period, liquor seized during inspection forfeited and destroyed. Case study: complaints to competition bureau over manufacturer of hockey helmet"s claim that that its product gives enhanced protection against concussions, bureau finds that company"s own research does not provide support for its performance claim.
