However, Canada is coming under increasing international pressure to strengthen and expand its enforcement efforts.

There is extensive information sharing between the various provincial securities regulators in Canada and with international regulators - including the 

SEC - pursuant to various Memoranda of Understanding.

Criminal prosecution of securities violations is a matter of federal jurisdiction, with the RCMP and local law enforcement agencies responsible for the enforcement 

of the securities-related provisions of the Criminal Code of Canada. Provincial and territorial securities regulators do not have authority to investigate criminal

 matters or to pursue criminal prosecutions relating to securities law violations; rather these regulators are responsible for both the administrative and 

(to varying extents) quasi-criminal enforcement of securities laws in Canada.