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What’s New

Jun
19
2017
FAIR Canada has submitted a brief to the Parliamentary Standing Committee on Finance regarding consumer protection and oversight in Relation to Schedule I Banks. FAIR Canada has been following the CBC Go Public investigation of improper sales practices at Canada’s banks, and like many, is concerned with the allegations made by former bank employees. FAIR […]
Jun
16
2017
FAIR Canada has commented on CSA Consultation Paper – 81-408 regarding the elimination of embedded commissions. At issue is whether investment funds such as mutual funds should continue to be allowed to be sold that include third party payments from the fund manufacturer to the dealer – payments such as trailing commissions and deferred sales […]
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
05
2017
Canada is in the midst of a huge demographic shift. By 2024, people aged 65 and over will account for 20 percent of the country’s population. This has significant policy implications, from infrastructure needs to health care and community services. People don’t often think about the investment industry as being impacted, but the reality is […]
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, […]
Jun
01
2017
Professor Anita Anand, special advisor to the Board of FAIR Canada, writes in an op-ed for the Globe and Mail that the current proposal to reform Canada’s securities regulatory structure through the Cooperative Capital Markets Regulator, is not in investors’ interests. CCMR, as currently designed, has numerous governance issues and lacks necessary investor protection provisions […]
May
29
2017
FAIR Canada is pleased to see that the OSC’s core mandate, investor protection, is emphasized throughout the 2018 Draft Priorities. Many of the initiatives the OSC offers to prioritize will have a positive impact on investors and help to improve investor protection in Ontario. FAIR Canada calls on the OSC to articulate specific goals and […]
May
18
2017
 FAIR Canada Issues White Paper Entitled “What About the Investors?” Toronto (May 18, 2017) – FAIR Canada and CARP today announced that they believe the proposed cooperative capital markets regulator (CCMR) is not in the interests of ordinary Canadians. FAIR Canada and CARP are of the view that such a major change to the current […]
May
12
2017
FAIR Canada Lauds Efforts of Consumer Focused OSC and FCNB (Ontario and New Brunswick Regulators) FAIR Canada is disappointed to learn from the Canadian Securities Administrators that only Ontario and New Brunswick will continue working on articulating a regulatory best interest standard. A best interest standard would greatly improve the dealer/advisor-client relationship. Firms and advisors […]
May
11
2017
The Alberta Securities Commission’s recent sweep and resulting report indicates widespread and worrying levels of non-compliance that lead to serious investor protection concerns in its exempt market. FAIR Canada would like to see regulators re-examine the ability of exempt market dealers to sell high risk exempt products to unsophisticated investors. Retail investors are at risk […]