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 Dec 17 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.
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