Dialogue

Mar 13 2011

MFDA to Regulators: Address Gaps in Investor Protection

The Globe & Mail reports on a previously undisclosed 2008 MFDA Report that had reached the same conclusions as FAIR Canada’s recent report on financial fraud: all registered firms should be covered by a compensation fund.

FAIR Canada agree with the MFDA that there are major gaps in coverage and that the system is far too complex for investors to be able to determine whether they are covered in the event of a registered firm’s insolvency.