Seeking compensation for OSC testimonies

Imagine you’ve been called by the OSC to give testimony in an investigation. The time away will disrupt business and potentially impact your bottom line.

So you may have the impulse to call up your insurance broker about whether your policy will compensate you. However, you’ll want to think twice about picking up the phone.

That’s because section 11 of the Securities Act of Ontario states all testimony given during a formal investigation cannot be disclosed to any person or company unless an order permitting disclosure is granted under section 17. Read more.

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