Duties of Securities Brokers in Canada

Christopher C. Nicholls, B.A., LL.B., LL.M., M.P.A., holds the W. Geoff Beattie Chair in Corporate Law and is Director of Business Law at Western University as well as Co-Director of Western’s interdisciplinary Centre for Financial Innovation and Risk Management. In 2013 he was named a Western University Faculty Scholar, and in 2016 received a Canada-U.S. Fulbright Scholar award.

Prior to joining the Western University Faculty of Law, he was the inaugural holder of the Purdy Crawford Chair in Business Law at Dalhousie Law School (now the Schulich School of Law at Dalhousie University). He has also been a Visiting Professor of Law at the Harvard Law School, a Herbert Smith Visitor at the University of Cambridge, a Visiting Scholar at the University of Melbourne, a Visiting Research Scholar at the University of Tokyo, the Falconbridge Visiting Professor of Commercial Law at Osgoode Hall Law School and a visiting professor at the law faculties of the University of Toronto and Queen’s University. He has acted as an expert witness and as a consultant to private law firms and government and regulatory agencies. A frequent speaker on corporate law topics in judicial education programs organized by the National Judicial Institute, he has also lectured to academic and professional audiences in Canada, the US, the UK, Australia, South America and Japan.

Before beginning his academic career, he practised corporate and securities law with major law firms in Toronto and in Hamilton, Bermuda. An author or co-author of six previous books and numerous academic articles, his work has been cited by Canadian securities commissions and many Canadian courts including the Supreme Court of Canada.

Jeffrey G. MacIntosh, B.Sc., LL.B., LL.M., holds law degrees from Harvard and Toronto and a Bachelor of Science from M.I.T. He is a full professor at the Faculty of Law, University of Toronto, and is a past holder of the Toronto Stock Exchange Chair in Capital Markets Law. He is a past Associate Director and Director of the Capital Markets Institute at the University of Toronto. He served as a John M. Olin Fellow in law and economics at Yale Law School and as a member of the Ontario Securities Commission Task Force on Small Business Financing. Professor MacIntosh’s scholarly writings extend to a variety of topics in corporate and securities law, including the structure of the Canadian securities regulatory industry, corporate governance, directors’ and officers’ fiduciary duties, the oppression remedy, minority shareholder rights, takeover bids, insider trading, venture capital, and government policy toward innovation.

Professor MacIntosh is a winner (with Douglas Cumming) of the Iddo Sarnat Annual Memorial Award for the best paper published in the Journal of Banking and Finance. He delivered the Tenth Annual Berkowitz Distinguished Lecture at the Department of Economics, University of Toronto; the Ronald G. Smith Memorial Lecture, Faculty of Law, Dalhousie University; and the James B. Galway Memorial Lecture, Faculty of Law, Queen’s University. Professor MacIntosh has acted as an expert witness and consultant in corporate and securities litigation in Canada, the United States, and Great Britain, and has also advised Canadian governments and regulatory agencies.