Canada’s junior stock exchange is facing a multimillion-dollar lawsuit from a former senior executive who alleges he was fired for trying to enforce the law.
Jamie Anderson was dismissed without cause in May, 2022, from his position as general counsel and corporate secretary for CNSX Markets Inc., the operator of the Canadian Securities Exchange. The CSE primarily lists the shares of small public companies, though it also launched a senior tier in 2023 for larger businesses.
According to a statement of claim filed in June, 2024, and reviewed by The Globe and Mail, Mr. Anderson is seeking more than $2-million in compensation for wrongful dismissal as well as the company’s “failure to properly carry out an investigation into complaints of harassment, bullying and a toxic work environment.”
Mr. Anderson alleges CSE chief executive officer Richard Carleton regularly “lost his temper” and engaged in “abusive” behaviour,…
