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What’s New

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 […]
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
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
04
2017
FAIR Canada has written an open letter to the Canadian Securities Administrators (“CSA”), the organization for provincial securities regulators, calling on them to act on a timely basis to address the sales practices at federally regulated financial institutions. While many of the bank employee revelations and consumer complaints relate to banking products (over which the […]
Mar
31
2017
Support by Minister for the Final Report of the Expert Committee on Financial Planning and Financial Advisory Services Regulation of Financial Planning and Restriction on Use of Titles FAIR Canada supports the Minister’s statement that the government will close the regulatory gap that currently exists and regulate those who hold out as financial planners. “We […]
Mar
29
2017
Read about the latest developments in Canada on majority voting here.
Mar
23
2017
FAIR Canada Supports Broad Level Recommendations FAIR Canada supports the broad level recommendations of the Final Report of the Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives. “We fully agree”, says Marian Passmore, Director of Policy and COO, “that anyone engaged with Ontario consumers in the provision of Financial Planning or Finance […]
Mar
02
2017
The Competition Bureau, Better Business Bureau, Option Consommateurs and other consumer protection groups revealed the top 10 fraud scams targeting Canadians in 2016. Click here to see what they are. Click here for FAIR Canada’s five rules to avoid investment fraud.