OSC whistleblower payouts top $8 million with latest award to industry expert. Exposing Misconduct.

OSC whistleblower payouts top $8 million with latest award to industry expert

April 6, 2020

The Ontario Securities Commission awarded more than half a million to a whistleblower, who the regulator identified only as “a company outsider who used their industry expertise to identify irregularities.”

The confidential program has paid out more than $8 million since its launch in July of 2016.

“Experts can be among the first to spot signs of potential misconduct in our markets,” said Jeff Kehoe, director of enforcement at the OSC, the only Canadian regulator that pays for tips that lead to successful prosecutions or settlements.

Read more here.
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