Public & Private Securities Enforcement: Securing Recovery for Harmed  Investors


Panel 1. Relationship Between Public Regulatory Enforcement and Private Securities Class Actions

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In light of AIC Limited v Fischer, 2013 SCC 69, [2013] 3 SCR 949, this panel critically examines the respective roles of public regulatory enforcement and securities class actions in deterring wrongdoing and facilitating investor recovery. The panel considers whether regulatory enforcement actions and investor class actions are complimentary, or unnecessarily duplicative.

The panel also covers:

  • Advantages that class actions provide investors over regulatory enforcement actions
  • Role that Canadian securities regulators should play in facilitating investor recovery
  • Key differences in Canada and US as between the respective roles of public and private enforcement.


CHAIR: Poonam Puri, Professor of Law, Osgoode Hall Law School, York University.

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