Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 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.
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Where?
by provinceWhat for?
by topicWho?
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When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 0 | — |
| Q1 2024 | 0 | — |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 0 | — |
| Q1 2025 | 0 | — |
| Q2 2025 | 0 | — |
| Q3 2025 | 0 | — |
| Q4 2025 | 1 | €73,683 |
| Q1 2026 | 0 | — |
| Q2 2026 | 2 | €2.08m |
| Q3 2026 | 0 | — |
3 cases
8 May 2026 Stan Bharti und Neil Said (ehem. CEOs der Medivolve Inc.)Medivolve: former CEOs conceal their own share allocation – sanctions running into millions €1.71m
The former CEOs Stan Bharti and Neil Said failed to ensure that Medivolve disclosed that they had received millions of shares in the acquisition of Amino Therapeutics in April 2020; the financial disclosures omitted this related-party transaction. Under the approved settlement: Bharti 785,000 CAD penalty and 915,000 CAD disgorgement, Said 200,000 CAD penalty and 854,000 CAD disgorgement, in each case plus costs.
Transactions in which board members themselves receive shares must be disclosed – and those responsible are personally liable.
- Authority / court
- Capital Markets Tribunal (Ontario) auf Antrag der Ontario Securities Commission
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Securities Act (Ontario), RSO 1990, c S.5, s. 129.2
- Action
- Fine
- Status of proceedings
- final
- Liability of senior managers
- Stan Bharti (CEO/Director): 785,000 CAD penalty, 915,000 CAD disgorgement, 50,000 CAD costs, permanent officer-and-director bar; Neil Said (CEO): 200,000 CAD penalty, 854,000 CAD disgorgement, 46,000 CAD costs, 5-year officer-and-director bar
Original amount 2,754,000 CAD, converted at the ECB reference rate of 8 May 2026.
- Order: Ontario Securities Commission v Bharti Court decision
- Oral Reasons for Approval of Settlements: Ontario Securities Commission v Bharti Court decision
- Settlement Agreement: Ontario Securities Commission and Stan Bharti (10 April 2026) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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15 Apr 2026 Liquidnet Canada Inc.Liquidnet Canada: confidential order data passed on to unauthorised persons €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.
Technically restrict access rights to confidential client data and review them regularly – and make complete reports to the regulator.
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.
- 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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24 Oct 2025 Jessica Tam (Handel in Optionen der Score Media and Gaming Inc.)Tip from the VP Finance: insider trading ahead of Score Media takeover €73,683
In 2021, Jessica Tam bought call options on the instructions of an acquaintance, the VP Finance of Score Media and Gaming, ahead of the announcement of the takeover by Penn National Gaming; the profit was around 311,000 USD, and the split was arranged via WhatsApp using code words and settled in cash. Under the settlement: 120,000 CAD disgorgement and a two-year trading ban.
Insider training must make clear that even trading on a tip from one's private circle is prohibited – and that code words and cash payments do not prevent detection.
Passing on inside information (tipping) in one's private circle
- Authority / court
- Capital Markets Tribunal (Ontario) auf Antrag der Ontario Securities Commission
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Securities Act (Ontario), s. 76(1) (Insiderhandel); Sanktionen nach s. 127(1)
- Action
- Disgorgement of profits
- Status of proceedings
- final
- Sector
- Media and online platforms
- Culpability
- intentional
- Mitigating circumstances
- Admission, implication of other participants and undertaking to testify as a witness
- Published
- 4 Nov 2025
Original amount 120,000 CAD, converted at the ECB reference rate of 24 Oct 2025.
- Reasons for Approval of a Settlement: Ontario Securities Commission v Tam Court decision
- Proceeding: Ontario Securities Commission v Tam Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link