Today, OSC has announced the appointment of two new OSC commissioners. They will serve for two years starting November 2016.
30 November, AtoZForex – Ontario Securities Commission (OSC) Chair and CEO Maureen Jensen announced today two new OSC commissioners. The commissioners will each serve for two years starting November 16, 2016.
New OSC Commissioners
The first new OSC commissioner is Philip Anisman. Dr. Anisman has almost 50 years of experience in teaching and practicing securities and cooperate law. Also, he is a former professor of law, senior civil servant, and a sole practitioner since 1987. Moreover, Dr. Anisman has appeared before all levels of courts and committees in Canada. He also wrote extensively on securities, corporate and administrative law.
The second new OSC commissioner is Frances Kordyback. Additionally, Ms. Kordyback has over 30 years of experience in investment banking, private equity, and venture capital. Her experience is broad in Canadian and international capital markets. Most recently, she was a managing director at Northwester Capital Management Inc. She was responsible for firm-wide responsibilities and focusing on venture investing.
Chair Jensen welcomes new Commissioners
Chair Jensen commented that the regulator welcomes the leadership and the great experience that Philip and Frances possess. Additionally, he stated that the new OSC commissioners’ expertise will be an asset to OSC in their commitment to Ontario’s capital markets. Mr. Jensen further added that it would help OSC to provide effective regulation and oversight of Ontario’s capital markets.
OSC always seeks to protect investors while promoting fair and efficient capital markets throughout the province. Also, it has been successfully monitoring the financial market against unlicensed financial service providers.
Also, as a part of OSC’s enforcement activity, they launched a new whistleblower program on July 14th. This new program will offer the compensation up to $5 million to the individuals who will come forward with tips. People coming forward with these tips must lead to a successful enforcement action.
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