On December 1, Susan Wolburgh Jenah, President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC) spoke to the Compliance Legal Section’s annual compliance conference in Toronto.
Read more»Archive for 2009
Dec 11 2009
New Investor Education Fund Website
The new Investor Education Fund website, www.GetSmarterAboutMoney.ca, provides unbiased advice in a very user-friendly fashion. Read the full story here in the Regina Leader Post.
Read more»Dec 07 2009
New York Times columnist David Brooks on an innovation agenda for the US
The economy seems to be stabilizing, and this has prompted a shift in the public mood. Raw fear has given way to anxiety that the recovery will be feeble and drab.
Read more»Dec 04 2009
FAIR Canada’s expertise sought on FADOQ’s anti-abuse and fraud project
Associate Director Ilana Singer will sit on FADOQ’s provincial advisory committee, in connection with its anti-abuse and fraud initiative. The project, which is being supported by a “New Horizons” grant from the federal government, will aim to develop a multidisciplinary, bilingual toolkit for the prevention of abuse and fraud targeted to the elderly in Quebec.
Read more»Dec 01 2009
FAIR Canada provides IIROC with comments regarding Know Your Client and Suitability Guidelines
FAIR Canada recently provided comments in response to IIROC’s request for comments on the proposed know your client (KYC) and suitability guidance notice (09-0293) issued on October 2, 2009.
FAIR Canada supports IIROC’s initiative to provide more guidance on the KYC and suitability obligations of investment dealers. The suitability of investments is traditionally the largest source of client complaints filed with dealers, and suitability obligations are more important than ever with the increasing number and complexity of investment products available. We believe that many dealers would welcome more detailed guidance on how the regulators will administer and interpret the rules. However, the need for guidance applies to investors as well as dealers. Most retail clients do not understand the suitability obligation, or their rights and responsibilities under it.
Read more»Nov 23 2009
Protégez-vous reports on FAIR Canada’s ongoing work
Protégez-vous reports on FAIR Canada’s ongoing work on the client/advisor relationship, fee disclosure, conflicts of interest, and compensation for victims of financial fraud.
Read more»Nov 23 2009
5 steps to restoring savers’ faith in risk
Robert Higginbotham the President, Europe for Fidelity International wrote an op-ed piece in the Financial Times recommending 5 steps to restore the faith of investors in the financial industry. He notes five areas in which progress can be made.
Read more»Nov 20 2009
FAIR Canada is interviewed on Canal Argent
Canal Argent (Money Channel) interviews Associate Director Ilana Singer about FAIR Canada’s work in the area of compensation for victims of financial fraud.
Read more»Nov 17 2009
John Bogle on the Costs of the Financial System
In his new book Enough, Vanguard founder and low-cost investing pioneer John Bogle directly attacks the financial services industry for extracting far more value than it creates
Read more»Nov 12 2009
Leveraged ETF Class Action Lawsuits in the U.S.
The blog D&O Diary (Nov. 5, 2009) describes the rapid growth in class action suits against U.S. leveraged ETF providers.
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