SIPA has issued a letter to Canadian Finance Ministers and securities regulators, urging them to remedy problems with Fund Facts before allowing Stage 2 of the Point of Sale initiative for mutual funds to proceed. The letter compares the CSA’s Fund Facts with IOSCO’s Principles of Point of Sale Disclosure and finds that it does NOT comply with those principles. SIPA concludes that “[t]hese defects are of such a scale that Fund facts can cause investor harm”.
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Dialogue
May 09 2012
Time for Action on Emerging Market Issuers
In “Unprotective custody”, Theresa Tedesco of the National Post argues that regulators need to take concrete action with specific deadlines on the many problems that have come to light with emerging market issuers. We agree!
Apr 04 2012
Inaugural Event in Memory of Whipple Steinkrauss
Whipple Steinkrauss was a FAIR Canada director from June 2008 until her untimely death in January 2009. During this brief period, Ms. Steinkraus made an enormous contribution mentoring Ermanno Pascutto and ensuring that our focus would be on retail investors and the “financial advisor” relationship…
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Feb 15 2012
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Watch this video by Jonathan Chevreau who explains why fees matter so much to investors. He explains a simple calculation that shows how long it will take for the MER to consume one third of your investment.
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OSC Priorities for 2012
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