The Globe and Mail reports in its Wednesday edition that securities enforcement action in Canada remains well below prepandemic levels, with regulators launching fewer of them in the 12 months ended in March than in any of the past seven years. The Globe's David Milstead writes that an annual report published Tuesday by the Canadian Securities Administrators only includes statistics for the past year of 2023-24. The CSA does not include the numbers for previous years in its annual reports, so The Globe compiled them for comparative purposes. The CSA says its 13 members commenced 36 securities actions, such as fraud and market manipulation, in the year ended March 31, or about three a month. That is down from 40 in the prior year, 63 in 2018-19 and 70 in 2017-18. The provincial regulators assessed $27.6-million in sanctions and penalties in the past year, the highest number in the past four years. However, the CSA members assessed $45.6-million in the year ended March 31, 2020, the year that concluded with the onset of the pandemic. In the two years prior to that, the CSA members assessed $77.5-million and $65.6-million in sanctions and penalties. Regulators do not expect to collect much of the money from penalties.