New Brunswick Securities Commission

Third annual white collar crime symposium held (09/12/04)

NB 1924

Dec. 4, 2009

SAINT JOHN (CNB) - The New Brunswick Securities Commission (NBSC) recently held its third annual white collar crime symposium.

The day-long event was held amid indications that white collar crime is on the rise. Complaints are up, and regulators and police are increasingly looking to inter-agency co-operation to help with investigations and prosecutions.

The symposium was attended by representatives from the RCMP, municipal police forces, Crown prosecutors in New Brunswick and Ontario, military police, the Autorité des marchés financiers in Quebec and the NBSC.

Participants studied the Earl Jones affair and an insider trading case; identity theft trends; and provincial prosecution processes. FINTRAC, the Financial Transactions Reports Analysis Centre of Canada, made a presentation about a recent case it investigated and is currently being prosecuted.

John Corelli, deputy director of the Ontario Crown law office, made a presentation explaining the Grmovsek insider trading case. This case study provided an example of co-operation among agencies, including the Financial Industry Regulatory Authority (FINRA), the United States Securities and Exchange Commission, the federal Department of Justice, RCMP, the Ontario Securities Commission and the Ontario Crown law office.

"Enforcement and regulatory agencies must continue to share intelligence and expertise," said Jake van der Laan, director of enforcement, NBSC. "Knowing what each agency can do ensures that cases are dealt with effectively by the right people."

The NBSC hosts the symposium as an opportunity for law enforcement and regulatory agencies to exchange information about recent developments in investigating and prosecuting white collar crime. This type of crime involves securities fraud, theft from employers, forgery, conspiracy, tax evasion, and identity theft, among other offences.

For more information on how to prevent securities fraud, contact the NBSC at 1-866-933-2222 or at www.nbsc-cvmnb.ca.

The NBSC is the Crown Corporation that regulates the securities industry in New Brunswick. It is funded indirectly by investors through industry. Its mandate is to protect investors from unfair, improper or fraudulent practices and foster fair and efficient capital markets, as well as confidence in those markets.

09/12/04

MEDIA CONTACT: Michelle Robichaud, communications officer, New Brunswick Securities Commission, 506-643-7045 or 1-866-933-2222, michelle.robichaud@nbsc-cvmnb.ca.

09/12/04