Intellectual property
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Suspected PlexCoin founder sentenced to two months in prison
Dominic Lacroix, a Quebec City businessman believed by Quebec’s financial watchdog and the U.S. Securities and Exchange Commission to be behind PlexCorps, a controversial cryptocurrency start-up accused of fraudulently selling up to $15 million of tokens, was sentenced to two months of prison and fined $100,000 for contempt of court. Continue reading
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U.S. SEC files charges against PlexCorps
The U.S. Securities and Exchange Commission has obtained an emergency asset freeze against PlexCoin, a controversial “fast-moving” and “purported” initial coin offering (ICO) that has raised up to $15 million from thousands of investors since August 2017. The SEC also filed charges against Dominic Lacroix, a “recidivist” Quebec securities law violator, his partner Sabrina Paradis-Royer… Continue reading
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Quebec City businessman believed to behind PlexCoin found guilty of contempt of court
Dominic Lacroix, a Quebec City businessman believed by the Quebec financial watchdog to be behind the virtual currency PlexCoin, was found guilty of contempt of court. What happened: Lacroix and his company DL Innov inc. failed to respect broad ex parte orders issued by the Quebec Financial Markets Administrative Tribunal on July 20th that forbade… Continue reading
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PlexCoin still under scrutiny by Quebec financial regulator
Quebec’s financial watchdog is putting the squeeze on Dominic Lacroix. Continue reading
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Ottawa finally proposes regulations on data breach notifications
Private sector organizations following federal privacy law will have to provide breach notifications to customers and the privacy commissioner where it is reasonable to believe that the breach creates a “real risk of significant harm,” under long-awaited proposed regulations to Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA). The draft regulations, if and when… Continue reading
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Canadian financial regulators provide guidance on cryptocurrency offerings
Canadian financial regulators, in lockstep with a growing number of jurisdictions, has put the cryptocurrency world on notice after confirming the potential applicability of Canadian securities laws to virtual currencies and related trading and marketplace operations. Cryptocurrency offerings can provide new opportunities for business to raise capital and for investors to access a broader range… Continue reading
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Quebec financial watchdog raids offices of man prohibited from promoting PlexCoin
The Quebec financial watchdog raided last week the offices of Dominic Lacroix, a Quebec City man who has been prohibited by a tribunal to promote and solicit investors for a new virtual currency called PlexCoin. The raid turned up a list of people from around the world, including Quebec, the U.S., and Africa, who expressed… Continue reading
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Quebec financial watchdog considering its options over PlexCoin
Quebec’s financial watchdog is considering handing over the case involving Dominic Lacroix and his companies, who has been prohibited by a tribunal to promote and solicit investors for a new virtual currency called PlexCoin, to police authorities. The Autorité des marchés financiers, the regulatory and oversight body for Québec’s financial sector, is also considering launching… Continue reading
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New virtual currency targeted by Quebec financial watchdog
The Quebec Financial Markets Administrative Tribunal issued a series of expansive ex parte orders prohibiting Dominic Lacroix and several of his companies from promoting and soliciting investors for a new virtual currency set to be launched. The Tribunal, at the request of Quebec’s financial watchdog, issued a broad order barring Lacroix, DL Innov inc., Gestio… Continue reading
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Monetizing data, without consent
You can still download the application if you want. But if you believe what Kyle Zak has to say about it, it’s not something you would do. Not unless you don’t mind the trade-off between ease-of-use and the reams of information you will allegedly provide to the popular audio maker Bose Corp. The lawsuit filed… Continue reading
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Legal profession concerned about algorithmic bias
Algorithms, the set of instructions computers use to carry out a task, have become an integral part of everyday lives, and it is immersing itself in law. In the U.S. judges in some states can use algorithms as part of the sentencing process. Many law enforcement officials in the U.S. are using them to predict… Continue reading