The Globe and Mail reports in its Tuesday edition that Bonnie Lysyk, former auditor-general of Ontario, started with the Ontario Securities Commission on Monday as executive vice-president of enforcement. The Globe's Jameson Berkow writes that she replaces Jeff Kehoe, who left the OSC in February after overseeing its division since 2016. Ms. Lysyk joins the OSC at a challenging time for Canadian securities enforcement. In July, the Supreme Court of Canada ruled that financial criminals can avoid paying punitive fines levied by market regulators by going through the bankruptcy process. Ms. Lysyk is also inheriting a smaller staff than the one managed by her predecessor. At the time of Mr. Kehoe's departure, the head count of the OSC enforcement division was roughly 175, but the current head count is roughly 140. Ms. Lysyk was Ontario's provincial auditor for 10 years from 2013 to 2023. During that time, she completed 168 reports on issues ranging from homelessness and autism programs to hydro prices. Last year, Ms. Lysyk found the decision of Premier Doug Ford's government to carve out land from the protected Greenbelt was heavily influenced by a small group of real estate developers who stood to personally benefit.