AdvocateDaily.com quotes Toronto lawyer Norm Keith in an article on the OSC’s whistleblower program.
Keith, a partner with Fasken Martineau and part of the firm’s White Collar Defence and Investigations group, explains that regulators expect an alleged wrongdoer to hire a lawyer. “It’s necessary if you want them to consider deferred prosecutions. It makes sense to co-operate with regulators,” he says.
However, Keith explains, the OSC's whistleblowing program itself is controversial, as it encourages turning alleged wrongdoers into an outside agency instead of an internal compliance group.