JD/MBA Student Fellows
In the winter 2020 term the Capital Markets Institute launched a JD/MBA Student Fellow Program. Selected students honed their analytical and legal writing skills in connection with real-time market issues and challenges.
2021/22 JD MBA Student Fellows & Projects
1. Jacob Broz, JD/MBA Candidate 2023
Ryan Riemenschneider, JD/MBA Candidate 2023
An Analysis of Approaches to Regulating Crypto Trading Platforms: Ontario and Singapore Compared
This paper explores the regulation of crypto asset trading platforms in Ontario, Canada’s leading jurisdiction for finance, and compares it with the approach taken by Singapore. Singapore has often been described as a success story for building an innovative market for crypto currency trading that appropriately balances market efficiency and investor protection. Going forward, Ontario’s principal securities regulators, the Ontario Securities Commission (OSC), can consider the approach the Monetary Authority of Singapore (MAS) has taken in constructing innovative crypto currency markets. In each section in this paper, we will compare the approaches that the OSC and MAS take for crypto trading platform regulation. At the end of the paper, we offer policy recommendations for each category we explore and offer guidance for Ontario going forward. read more
2. Will Kosiancic, JD/MBA Candidate 2023
Kathryn McCoy, JD/MBA Candidate 2023
OSC Whistleblower Program Report Card
Forthcoming
3. Yousef El Zohiry, JD/MBA Candidate 2023
Alexander Green, JD/MBA Candidate 2022
Angela Gu, JD/MBA Candidate 2
Sydney Palter, JD/MBA Candidate 2023
Adam Strub, J/MBA Candidate 2024
Jimmy Zhou, JD/MBA Candidate 2023
Retrospective and Prospective Evaluation of Canadian Security Class Action Regime
Forthcoming
2020/21 JD MBA Student Fellows & Projects
1. Maggie Xing
Maggie is a third-year JD/MBA candidate at the University of Toronto. After completing her undergraduate degree in finance and economics, Maggie worked as a financial analyst at a private equity firm and became a CFA Level III candidate. In 2018, Maggie began her legal education. Equipped with an interdisciplinary skill set, Maggie is actively engaged in topics relating to the intersection of law and finance. Post-graduation, Maggie will be pursuing a legal career in New York.
Well-Known Seasoned Issuers in Canada
Well-Known Seasoned Issuer (WKSI) is a concept adopted by the United States Securities and Exchange Commission (SEC) in 2005. WKSI is a category of issuers that comprises of the largest public companies. The benefit of qualifying as a WKSI is a series of relaxed restrictions on public offerings and the reduction in regulatory burden.
In Canada, market participants have also indicated an interest in adopting a WKSI category. The Capital Markets Modernization Taskforce (“Taskforce”) was formed by the Ontario government in February 2020 with a mandate to review and modernize Ontario’s capital markets. The Report, which followed consultations with market participants, contained 47 proposals. The 12th proposal recommended the creation of a WKSI category. Read more
2. Matthew Auvinen
Taking Stock: Health of Canadian Public Equity Markets
The U.S. listing gap, Doidge, Karolyi & Stulz reported
that the number of listed firms in the United States is now lower than
expected. This paper considers whether a similar listing gap is present in
Canada. Listing data and census data was processed and analysed with three
questions in mind: (1) How has the number of firms listed in Canada changed
over time? (2) How has the listing propensity for a Canadian firm changed over
time? (3) How have annual new listings and de-listings in Canada changed over
time? The results indicate that the number of listed firms in Canada has
decreased over time, the listing propensity for a Canadian firm has decreased
over time, the annual number of new listings in Canada has decreased over time
and the annual number of de-listings in Canada has increased over time. Mixed
together, Mixed together, these results point to the conclusion that Canada has
a listing gap. Read more
Background - The U.S. listing gap (Craig Doidge G. Andrew Karolyi, René M.Stulz)
3. Stephanie Taylor
Stephanie is a fourth-year JD/MBA candidate at the University of Toronto. She is currently completing her articles at a Toronto law firm. She is currently completing her articles at a New York law firm.
Measuring Corporate Crime In Canada – Project Summary
Financial Crime Project Summary available here