Howard Wetston, Q.C. has been announced as OSC Chair David Wilson’s successor. FAIR Canada is optimistic that Mr. Wetston will have an investor-focused agenda that prioritizes issues of importance to investors, including introducing a requirement that registrants act in the best interests of clients. In announcing his nomination, Finance Minister Dwight Duncan stated that Mr. Wetston is passionate about securities regulation, initimating that the government was appointing someone who would lead change and not simply be a caretaker awaiting a national commission.
FAIR Canada also hopes that Mr. Wetston will act on the investor-focused recommendations contained in the March 2010 report of the Standing Committee on Government Agencies that have not yet been addressed by the Commission.
