What is the current state of the law on securities regulation in Canada?

Ontario, Canada


The following excerpt is from Kauf v. Colt Resources, Inc., 2019 ONSC 2179 (CanLII):

In Pezim v. British Columbia (Superintendent of Brokers), 1994 CanLII 103 (SCC), [1994] 2 S.C.R. 557, 114 D.L.R. (4th) 385 at para. 63 [Pezim], Iacobucci J. spoke for the court and held that the “primary goal” of securities regulation “is the protection of investors but other goals include capital market efficiency and ensuring public confidence in the system”.

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