What is the NSSC? – Enforcement

The Enforcement branch enforces the securities act in Nova Scotia. They investigate any reported violations of securities laws. For example, this could include someone offering securities to Nova Scotia residents without being registered to do so, or someone committing investment fraud.

If a person or company is found to have violated securities laws enforcement can initiate proceedings against the accused. Allegations of misconduct against a person or entity are posted to the securities commission website through a notice of hearing. Anyone suspected of misconduct can also be sanctioned by the commission.

If a hearing takes place before the commission, legal counsel from Enforcement present evidence and call witnesses to prove the allegations of misconduct. If they are proven the commission can impose sanctions on the person or company which can include fines, market bans both short and permanent, and barring a person from certain titles or positions with an issuer.