The head of Ontario’s securities watchdog says its new whistleblower program has already garnered more than 30 tips since its launch in July. Under the program, the Ontario Securities Commission offers rewards of up to $5 million for tips that lead to successful prosecution of serious securities law violations such as insider trading, accounting tricks and market manipulation. OSC chair and CEO Maureen Jensen says the program has been “fruitful out of the gate.”Jensen made her comments at the Toronto Region Board of Trade today in what is her first keynote speech since taking the helm of the OSC. She also spoke about the need to improve investor protection by exploring the possibility of banning embedded mutual fund fees.

Source: thestar September 27, 2016 19:41 UTC