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	<title>FAIR Canada &#187; Top News</title>
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		<title>Overhaul of Group Scholarship Plan Rules Needed to Protect Consumers</title>
		<link>http://faircanada.ca/top-news/overhaul-of-group-scholarship-plan-rules-needed-to-protect-consumers/</link>
		<comments>http://faircanada.ca/top-news/overhaul-of-group-scholarship-plan-rules-needed-to-protect-consumers/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 21:05:06 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8260</guid>
		<description><![CDATA[FAIR Canada believes that group scholarship plans are generally poor savings vehicles with little or no benefits to consumers. They are often aggressively marketed and advertised, and commonly target modest or lower income Canadians. Many purchasers are urged to ......<h3>Related Posts</h3>

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		<title>OSC Alerts Investors About Risk of Leveraged Investing</title>
		<link>http://faircanada.ca/top-news/osc-alerts-investors-about-risk-of-leveraged-investing/</link>
		<comments>http://faircanada.ca/top-news/osc-alerts-investors-about-risk-of-leveraged-investing/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 15:07:07 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8218</guid>
		<description><![CDATA[The recent issue of OSC Investor News cautions investors about the risks of leveraged investing.  While we are pleased to see the OSC recognizing issues relating to leverage, we have some concerns about some statements in this Investor News piece. It warns investors that borrowing money to purchase investments increases risk and provides a mathematical example to demonstrate how losses are magnified if the investment goes down in value.  It points out that leveraged investing can result in much greater losses than investing using one’s own cash...<h3>Related Posts</h3>

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		<slash:comments>0</slash:comments>
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		<item>
		<title>FAIR Canada Director Awarded the Order of Ontario</title>
		<link>http://faircanada.ca/top-news/fair-canada-director-awarded-the-order-of-ontario/</link>
		<comments>http://faircanada.ca/top-news/fair-canada-director-awarded-the-order-of-ontario/#comments</comments>
		<pubDate>Wed, 25 Jan 2012 17:09:42 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8209</guid>
		<description><![CDATA[On January 26, 2012, FAIR Canada Director Claude Lamoureux will be invested with the Order of Ontario medal. Mr. Lamoureux was appointed to the Order of Ontario in 2008 for his immense contribution to the area of corporate governance in Canada and internationally. The Order of Ontario is the highest provincial honour bestowed upon an individual in Ontario, and is awarded to the “greatest minds, forward-thinkers, humanitarians, activists and pioneers”...<h3>Related Posts</h3>

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		<title>OSC Provides Fine Collection Transparency</title>
		<link>http://faircanada.ca/top-news/osc-provides-fine-collection-transparency/</link>
		<comments>http://faircanada.ca/top-news/osc-provides-fine-collection-transparency/#comments</comments>
		<pubDate>Tue, 24 Jan 2012 16:41:58 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8204</guid>
		<description><![CDATA[The Ontario Securities Commission (OSC) disclosed the extent to which fines and other monetary sanctions are actually collected in a news release issued on January 18. FAIR Canada is pleased to see this significant improvement in transparency on the part of the OSC - it is another indication of the sea change in the OSC since Howard Wetston became chair...<h3>Related Posts</h3>

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		<title>Study points to weaknesses in securities enforcement regime</title>
		<link>http://faircanada.ca/top-news/study-points-to-weaknesses-in-securities-enforcement-regime/</link>
		<comments>http://faircanada.ca/top-news/study-points-to-weaknesses-in-securities-enforcement-regime/#comments</comments>
		<pubDate>Thu, 12 Jan 2012 15:00:23 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8156</guid>
		<description><![CDATA[A draft study commissioned by the Public Safety Department, reported in Investment Executive, warns that Canada’s multi-jurisdictional regulatory system leaves the securities system vulnerable to organized crime. The study highlights several weaknesses that FAIR Canada identified in its Report on a Decade of Financial Scandals, including “a lack of co-ordination and political will to target violators, complicated multi-jurisdictional regulatory systems, the low priority afforded to fraud by police and prosecution, and the lack of timely and effective enforcement and prosecution”...<h3>Related Posts</h3>

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		<slash:comments>0</slash:comments>
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		<title>Subprime lending practices come to Canada</title>
		<link>http://faircanada.ca/top-news/subprime-lending-practices-come-to-canada/</link>
		<comments>http://faircanada.ca/top-news/subprime-lending-practices-come-to-canada/#comments</comments>
		<pubDate>Wed, 11 Jan 2012 15:47:12 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8152</guid>
		<description><![CDATA[David Baines of the Vancouver Sun has published another article detailing an abusive leverage strategy. Enzo DuVuono recommended and sold $750,000 worth of mutual funds, using their $500,000 home as collateral, to an older couple who were “experiencing difficulty paying their monthly expenses”. The MFDA has alleged that DuVuono did so without ensuring that the investments and leveraged investment strategy were suitable and appropriate for the clients, who were 77 years old and retired and 56 years old and unemployed... <h3>Related Posts</h3>

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		<title>Preet Banerjee Demonstrates How MERs Devour Investment Returns</title>
		<link>http://faircanada.ca/top-news/preet-banerjee-demonstrates-how-mers-consume-devour-investment-returns/</link>
		<comments>http://faircanada.ca/top-news/preet-banerjee-demonstrates-how-mers-consume-devour-investment-returns/#comments</comments>
		<pubDate>Mon, 09 Jan 2012 14:58:03 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8142</guid>
		<description><![CDATA[In a recent Globe &#038; Mail column, columnist Preet Banerjee demonstrates how investments fees will consume a large portion of your original investment over time. For example, if you invest in a mutual fund with an MER of 2.36 per cent, the MER will consume 44.96 per cent of your original investment over 25 years.  A prospectus will often convey this by a chart which shows an investor will pay $300 on a $1,000 investment over 10 years... 
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		<title>Supreme Court Opinion on Proposed National Securities Act</title>
		<link>http://faircanada.ca/top-news/supreme-court-opinion-on-proposed-national-securities-act/</link>
		<comments>http://faircanada.ca/top-news/supreme-court-opinion-on-proposed-national-securities-act/#comments</comments>
		<pubDate>Fri, 23 Dec 2011 16:55:53 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8104</guid>
		<description><![CDATA[On December 22, the Supreme Court of Canada (SCC) released its decision on the constitutional reference, stating that the federal government’s proposed national Securities Act was unconstitutional because, viewed in its entirety, the proposed Act included matters that remain essentially provincial concerns. While the SCC stated that elements of the proposed Act were of national concern, it found that the proposed Act overreaches genuine national concerns...

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		<title>FAIR Canada Calls on the OSC to Address Conflicts of Interest When Assessing Maple Proposal</title>
		<link>http://faircanada.ca/top-news/fair-canada-calls-on-the-osc-to-address-conflicts-of-interest-when-assessing-maple-proposal/</link>
		<comments>http://faircanada.ca/top-news/fair-canada-calls-on-the-osc-to-address-conflicts-of-interest-when-assessing-maple-proposal/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 22:01:40 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8075</guid>
		<description><![CDATA[FAIR Canada made a presentation at the OSC’s Policy Hearing on the Maple Group Acquisition Corporation Application to acquire TMX Group Inc., Alpha Trading Systems Limited Partnership, Alpha Trading Systems Inc., The Canadian Depository for Securities Limited and, indirectly, CDS Clearing and Depository Services Inc. (the “Maple Policy Hearing”)...<h3>Related Posts</h3>

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		<title>OSC Proposes No Contest Settlements and Other Enforcement Initiatives</title>
		<link>http://faircanada.ca/top-news/osc-proposes-no-contest-settlements-and-other-enforcement-initiatives/</link>
		<comments>http://faircanada.ca/top-news/osc-proposes-no-contest-settlements-and-other-enforcement-initiatives/#comments</comments>
		<pubDate>Wed, 21 Dec 2011 22:00:18 +0000</pubDate>
		<dc:creator>FAIR Canada</dc:creator>
				<category><![CDATA[Top News]]></category>

		<guid isPermaLink="false">http://faircanada.ca/?p=8082</guid>
		<description><![CDATA[FAIR Canada has provided comments to the OSC on the proposed OSC staff enforcement initiatives.  Over the past year the OSC has intensified its enforcement efforts and these efforts have produced much improved results.  Major challenges remain, especially with investigation and prosecution of non-complaint emerging market listed companies.  FAIR Canada is concerned that the proposed no-contest settlement program will make it more difficult for investors to recover losses and will not deter corporations and individuals from violating securities laws... <h3>Related Posts</h3>

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