Compliance Radar

Who was sanctioned, and for what?

Fines, court rulings and incidents from Europe and North America: 718 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.

Canada Capital markets and financial supervision Financial services and insurance Clear all filters

1case from 1 jurisdiction

€369,572Total of monetary amounts

€369,572Largest single case: Liquidnet Canada Inc.

€369,572Median per case with an amount

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by amount by number of cases

Where?

by level

Provinces €369,572 100 % · 1 case

What for?

by topic

Organisational requirements €369,572 100 % · 1 case

Who?

by company

Liquidnet Canada Inc. €369,572 100 % · 1 case

When?

per quarter, by date of decision

Trend
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Q2 2026	1	€369,572
Q3 2026	0	—

1 case

Newest first Highest amounts

15 Apr 2026 Liquidnet Canada Inc.Liquidnet Canada: confidential order data passed on to unauthorised persons Canada, ONOrganisational requirements €369,572

The operator of alternative trading systems passed on confidential order and trading information from its fixed income and equity platforms to unauthorised employees, lacked adequate safeguards and was initially not forthcoming with the regulator. Sanctions: administrative penalty of 600,000 CAD, 75,000 CAD in costs, a reprimand and an external review.

What organisations can take from it

Technically restrict access rights to confidential client data and review them regularly – and make complete reports to the regulator.

Relevance to training and awareness

Need-to-know principle and protection of confidential trading data

Authority / court: Capital Markets Tribunal (Ontario) auf Antrag der Ontario Securities Commission
Area of law: Capital markets and financial supervision · Organisational requirements
Legal basis: National Instrument 21-101, s. 5.10(1)-(3); Securities Act (Ontario) ss. 127(1), 127.1
Action: Fine
Status of proceedings: final
Sector: Financial services and insurance
Mitigating circumstances: Cooperation, self-report, no prior record

Original amount 600,000 CAD, converted at the ECB reference rate of 15 Apr 2026.

Sources

Oral Reasons for Approval of a Settlement: Ontario Securities Commission v Liquidnet Canada Inc Court decision
Proceeding: Ontario Securities Commission v Liquidnet Canada Inc Official register or notice

Checked against the official source on 25 Sep 2026 · Direct link

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How the radar is compiled

Official sources only

Every case is based on a decision, press release or database of an authority or a court. Press and law-firm reports count at most as additional references.

Four-eyes check

Whoever enters a case may not approve it. A second, independent check compares company, date, amount and area of law with the source. Only then is the case published.

Comparable amounts

Amounts are converted at the ECB reference rate on the day of the decision. Each case also shows the original amount.

Corrections on record

A correction is a new version that is checked again. Every change is logged. You can report errors directly on each case.

Case texts are translated from the German original. Where a translation is not yet available, the German text is shown and marked “(German original)”. Names of authorities, laws and companies are given as in the source.

The radar reports on published decisions and is not legal advice. Decisions that are not yet final are marked as such where the status is known.

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