Richard’s regulatory and compliance practice focuses on assisting portfolio managers, exempt market dealers and investment fund managers in complying with Canadian securities law and advising them on how to deal with securities regulators’ expectations. He also regularly engages with securities regulators on behalf of clients in connection with registration matters, compliance audits and regulatory proceedings. In addition, Richard has acted as primary counsel on files where AUM Law has been approved by the Ontario Securities Commission as compliance consultant in connection with a registrant’s remediation of compliance deficiencies.
A large part of Richard’s practice also focuses on advising registrant firms on cybersecurity and privacy considerations. He helps registrant firms develop and test the effectiveness of cyber-security policies and procedures, incident response plans, and cyber-security risk management to document that a firm has taken reasonable steps to safeguard client data. Richard also has advised clients on the regulatory implications of starting a business that intends to conduct an Initial Coin Offering (ICO) or that uses blockchain technology.
Richard also has experience in assessing the effectiveness of a client’s anti-money laundering (AML) compliance systems and assisting clients with AML audits conducted by Canadian anti-money laundering regulators (FINTRAC). In addition, he has helped clients navigate the complaint process operated by the Office of the Ombudsman for Banking and Investment Services (OBSI).
In addition to his regulatory and compliance practice, Richard has participated in the formation of investment funds and corporate transactions for clients.
- JD, Queen’s University (2010)
- BComm, McGill University (2006)
- Davies Ward Phillips & Vineberg (2010–2011)
Recent Speaking Engagements
- Portfolio Management Association of Canada (PMAC), Toronto Regulatory and Compliance Forum – Private Client Hot Topics (September 2019)
- Portfolio Management Association of Canada (PMAC), Toronto Regulatory and Compliance Forum – The Knock at the Door: Practical Advice for Dealing with a FINTRAC Audit Scenario (September 2018)