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CMI Events

In-person Event at Rotman

How Pervasive is Corporate Fraud? It’s More Common Than You Might Think

Tuesday, April 11, 2023, 5:00-7:30pm, Reception to follow
(registration 4:30pm)
Rotman School of Management 
105 St George St, Toronto, ON 
Desautels Hall 

Cost: $19.95 


In light of recently published research, the Capital Markets Institute at Rotman is an event on How Pervasive is Corporate Fraud? It’s More Common Than You Might Think. Following short presentations of the research, including implications for the Canadian Capital Markets, we will convene a panel of subject matter experts. Our esteemed panel of experts will bring together insights from academia, the plaintiff’s bar, regulators, and accountants. 

This panel will be a unique opportunity to hear from experts in the field and to gain insights into the complexity of the issue of corporate fraud, including:
the frequency and magnitude of fraud in capital markets.
the implications of corporate fraud for investors, boards of directors, and the legal and regulatory community.
the effectiveness of current regulatory and legal mechanisms in detecting and deterring fraud.



How Pervasive is Corporate Fraud? (Alexander Dyck, Adair Morse, and Luigi Zingales), Review of Accounting Studies, January 5, 2023  

Slicing Cash Flows for Better Ratings
Bloomberg News, January 18, 2023

Corporate fraud is widespread - and largely undetected, study says
Globe & Mail, January 16, 2023

Just how common is corporate fraud?
New York Times Dealbook, January 14, 2023


Alexander Dyck
Director, Capital Markets Institute
Professor of Finance and Economic Analysis and Policy (cross Appointed to Faculty of Law)
Manulife Financial Chair in Financial Services
Rotman School of Management

David Milstead
Staff Reporter, The Globe and Mail

Daniel Bach
Partner - Class Actions, Siskinds

Becky Seidler
Partner, KPMG LLP

Kim Shannon
Founder and Co-Chief Investment Officer
Sionna Investment Managers

Maureen Jensen
Former Chair, Ontario Securities Commission


Past Events:

Canadian Crypto Regulation: Right Approach? What's Next?
Co-Hosted By: Rotman FinHub and Capital Markets Institute

Friday, December 16, 2022, 9:00 AM – 12:00 PM in-person
Rotman School of Management, Desautels Hall

Synopsis: The regulation of Crypto Assets is a global issue of growing concern. In the US, the Financial Stability oversight council reports that “widespread adoption of digital assets poses risk if the market continues to grow without better oversight and enforcement.” Does the Canadian approach offer a viable solution? Grant Vingoe, OSC CEO, suggests as much in a speech on October 6, 2022, “In Canada, we have been at the forefront of bringing crypto assets into the regulatory perimeter to give genuine innovators room to develop their ideas while still protecting investors. We have taken many concrete measures while others continue to struggle with definitions and fight jurisdictional battles…. Some of the largest platforms in the world … see the reputational value of being within the regulatory perimeter and competing on a level playing field. Well-run firms tend to be receptive to a reasonable approach that includes open conversations, manageable deadlines, and an efficient onboarding process.”

A 2022 Primer for Crypto-Trading, 13 Jul 2022, Andreas Park, University of Toronto

“Buyer Aware: applying essential protections to the crypto world” Keynote Address by Grant Vingoe Chief Executive Officer, Ontario Securities Commission Economic Club of Canada October 6, 2022

Ontario Securities Commission Crypto Asset Survey, Final Report 2022-09-26

Backgrounder: Regulation of Crypto Currency, December 1, 2022, Ryan Riemenschneider, JD/MBA Candidate – 2023, Capital Markets Institute JD/MBA Student Fellow, University of Toronto Faculty of Law / Rotman School of Management


Debra Foubert, Director, Compliance and Registrant Regulation, Ontario Securities Commission

Dan Padro, Director of Policy, Credit Unions, Insurance Prudential & Pensions, Financial Services Regulatory Authority

Andreas Park, Research Director, Rotman FinHub; Professor of Finance, Department of Management, University of Toronto Mississauga and Rotman School of Management

Poonam Puri, Professor, Osgoode Hall Law School, York University

Blair Wiley, Chief Legal Officer, Wealthsimple

Host:Alexander Dyck,Director, Capital Markets Institute, Rotman School of Management



What Role Should Market-Based Environmental Ratings Play in Capital Markets

February 25, 2020
9 am-12 pm
Rotman School of Management, Fleck Atrium

Future of Banking in the Digital Age

November 22, 2019
9 am - 12 pm
Desautels Hall

Risk Management and Financial Innovation Conference

This conference, in memory Professor Peter Christoffersen, our friend and colleague, who passed in June 2018, to brought together leading researchers from all areas of risk management and financial innovation as well as industry practitioners.

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The Capital Markets Institute & Rotman FinHub assembled a group of subject matter experts to explore the emerging market for Initial Coin Offerings (ICOs). The experts drawn from academia, the securities regulator and capital markets practitioners discussed and debated the merits, risks and outlook for ICO issuance and trading.

Capital Markets Academics Discuss: Canadian Securities Administrators Trading Fee Rebate Pilot Study

Three academic researchers, with expertise in Canadian equity market structure, engaged by the CSA to design and conduct the pilot study presented their proposal and sought industry input on the structure of the study.

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Livent v. Deloitte: Implications For Auditor Responsibility, Governance and Canadian Public Companies

Following the Supreme Court of Canada’s decision in Livent v. Deloitte released on December 20, 2017, our panel of experts explored questions relating to auditors’ responsibilities in cases where senior executives of a corporation have committed fraud. . To whom do auditors owe a duty? What is the scope of this duty? What are the implications of the Supreme Court’s holding for governance within Canadian public corporations?

Should Issuers Be Required to Improve their Climate-related Financial Disclosures?

Following the Global Task Force of the Financial Stability Board report issued in June of 2017 calling for issuers to include climate-related financial disclosures in their annual financial filings and the CSA launch of a disclosure review project, the CMI hosted a ½ day conference to explore investor concern regarding the risks and financial impacts associated with climate change.

Launch Rotman FinHub (Rotman Financial Innovation Hub in Advanced Analytics)

The Capital Markets Institute at Rotman is a partner in the Rotman FinHub. Rotman's FinHub provides a common forum for students, faculty, startup entrepreneurs and industry to develop expertise to drive ongoing innovation in the financial sector.

Dual Class Shares

February 15, 2011

Too Big To Save with Robert C, Pozen, Chairman, MFS Investment Management

January 18, 2010 
The Global Response to the Financial Crisis: Can We Avoid a Repeat? view presentation