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Enforcement
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The NBSC is mandated to enforce securities regulation in an effort to protect investors from unfair, improper or fraudulent practices as well as foster confidence in capital markets. The NBSC’s enforcement division reviews complaints made against individuals or companies involved in trading securities in New Brunswick. If the actions of these individuals or companies suggest possible breaches of the Securities Act, further investigation may be warranted. The NBSC has the power to investigate alleged breaches of the Act and to impose administrative sanctions to protect the public and enforce compliance with regulatory requirements.
The NBSC has the authority to impose cease-trade orders, freeze bank accounts, remove or prohibit individuals from acting as officers and directors of companies, order disgorgement, and seek administrative penalties and costs, among others. Enforcement proceedings are adjudicated by a panel of Members of the Commission or in serious cases, by a judge of the Provincial court.
In this section of the web site, you will find a Caution List which is a list of individuals or firms who are not registered to trade securities or provide investment advice in New Brunswick.
The Proceedings section is a listing of all notices of hearings, statement of allegations, orders and decisions relating to proceedings brought by Staff of the NBSC.
If orders have been issued against an individual or a company, this information is a matter of public record and is available in Recent Decisions.
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