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Trending

Jul
20
2017
Leo Almazora of Wealth Professional reports on a letter written by Ken Kivenko of Kenmar Associates to the Canadian Securities Administrators on internal ombudsmen at the banks, particularly their level of independence and transparency. The letter in particular takes issue with the “two-step” process for launching complaints (through an internal ombudsman and OBSI) and asks […]
Jul
20
2017
Anita Anand, Andrew Green and Matthew Alexander write in the Globe and Mail about the recent no-contest settlements by the Ontario Securities Commission and whether these are in the public interest: (i) given the lack of transparency over the facts; (ii) the impact on the law’s development and (iii) possible perverse incentives that no-contest settlements may create.
Jun
14
2017
Michelle Singletary of the Deseret News reports how consumers will get some common-sense protection from conflicts of interest when getting advice on their retirement accounts. Barb Roper, consumer advocate at the Consumer Federation of America, explains what the rule means for financial consumers.
Jun
01
2017
Erica Johnson of CBC Go Public reports on The National that employees in the financial industry are speaking out that doctoring documents and forging signatures are more common than people realize. The Mutual Fund Dealers Association noted in its 2016 Annual Enforcement Report that signature falsification had grown as the primary allegation in 130 cases, […]
May
01
2017
Ontario Finance Minister Charles Sousa, delivered the 2017 Ontario Budget on April 27, 2017. The government announced that it plans to transfer regulatory oversight of syndicated mortgages from FSCO (Financial Services Commission of Ontario) to the Ontario Securities Commission. The government also announced that it planned on taking action to “strengthen protections for investors in […]
Apr
21
2017
James Langton of Investment Executive reports on a new study by the Shareholder Association for Research and Education (SHARE), which finds that shareholders of companies incorporated under the Alberta Business Corporations Act, “face a higher bar for getting shareholder proposals on the agenda.” The study in question, entitled “Off the Ballot: Why Alberta’s business laws […]
Apr
13
2017
Recent research explains why active management dramatically increases the chance of underperformance of the benchmark index. The relative likelihood of underperformance by investors choosing active management likely is much more important than the loss to those same investors from the higher fees for active management relative to passive index investing. Oliver Renick of Bloomberg discusses the […]
Apr
03
2017
Public Interest Advocacy Centre (PIAC) calls for a comprehensive financial consumer code and the establishment of an ombudsman to address consumer complaints arising under a financial consumer code.
Mar
29
2017
Read about the latest developments in Canada on majority voting here.
Mar
13
2017
Alexandra Posadzki of Investment Executive writes that the credit rating agency DBRS Ltd said it expects regulators to review the sales practices, whistleblower procedures and incentive compensation at all Canadian banks in light of the allegations by TD employees.