[C]ritics of Canadian securities regulators sometimes....

“ [C]ritics of Canadian securities regulators sometimes point out that a number of high-profile US securities cases have resulted in prison sentences for the offenders, while incarceration for Canadian securities law violators seems very rare...[A]s has often been noted, incarceration is far more frequent in the United States for crimes of all kinds, yet it is not usually suggested that this is proof that the United States is generally a safer place to live than Canada. ”

Paul Halpern

From : Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis