Sneaking and Peeking: The Future of Securities Investigation Has Arrived

WeirFoulds LLP | FEBRUARY 6, 2014
Jordan Glick

In the 1983 classic Scarface, Tony Montana was recorded laundering millions of dollars by a video camera disguised as a clock. His captors understood one important lesson: capturing sophisticated criminals requires sophisticated tools.

Until recently, it seemed like the Ontario Securities Commission ("OSC" or the "Commission") would never learn that lesson.

And then, in May of 2013 (coincidentally just after the movie's thirty-year rerelease), the OSC launched the "Joint Serious Offences Team" ("JSOT"). The JSOT enables OSC investigators, much like the police in Scarface, to peek into the boardrooms and offices of suspected corporate criminals and surreptitiously record what they see.

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