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What’s New

Jul
25
2019
FAIR Canada cannot support  IIROC Notice 19-0076 Minor Contravention Program and Early Resolution Offers on the basis that it does not serve the interests of retail investors and urges the CSA to reject the proposed changes. What is the Minor Contraventions Program (MCP) and Early Resolution Offers (ERO)? IIROC has proposed changes to the way […]
Jul
04
2019
FAIR Canada remains unable to support the proposals of the Investment Industry Regulatory Organization of Canada (IIROC) for alternative forms of discipline to address rule contraventions committed by individuals who work in specific roles requiring registration under securities laws (Approved Persons), referred to as the Minor Contraventions Program (MCP) and Early Resolution Offers (ERO).  FAIR […]
May
31
2019
The Financial Consumer Agency of Canada (FCAC) is working on a draft code of conduct for delivery of banking products and services to seniors. FAIR Canada has submitted a comment where FAIR Canada outlines its concerns including that oversight and enforcement of the code should be under the control of the FCAC rather than the […]
May
21
2019
FAIR Canada supports the proposed framework for the regulation of crypto-asst trading platforms as described in CP 21-402. The proposed framework is based on the existing regulatory framework applicable to marketplaces and incorporates relevant requirements for dealers facilitating trading or dealing in securities. FAIR Canada is supportive of the proposed framework to the extent that it thoroughly […]
May
15
2019
T-REX SCORES: TRUTH AND DINOSAURS Most investment fees are quoted (if they are quoted!) as a percentage of the amount invested. So, a fund with 2 percent fees will cost you 2 percent of your total investment annually. This method of quotation is highly misleading for three reasons. 1. Fundamental to any economic transaction is […]
May
13
2019
Written by David Milstead and originally published in the Globe and Mail.  To read the original article on the Globe and Mail click here. ………………………………………………………………………………………………………………. The primary advocacy group for Canadian investors is losing money, looking for an executive director – and struggling to survive. “We’re in a bit of an existential crisis,” said Ermanno […]
May
13
2019
The Small Investor Protection Association (SIPA) put out a news release on April 29, 2019 renewing their call for a Public Commission of Inquiry into the Financial Consumer Agency of Canada (FCAC) and for the government to establish an independent National Investor Protection Authority with the mandate of protecting the Canadian public. SIPA relies on […]
May
09
2019
On May 9, 2019 FAIR Canada made a submission regarding the CSA Second Notice and Request for Comment relating to Syndicated Mortgages. FAIR Canada had commented on syndicated mortgages in June 2018 and wrote about some of our ongoing concerns in the May 2019 submission. We wrote about welcoming the transfer of jurisdiction in regard […]
May
03
2019
Executive Director Ermanno Pascutto is pleased to announce that Vanisha Sukdeo has joined FAIR Canada as the Director of Policy Research. Vanisha was Called to the Bar in 2007 and is a Ph.D. Candidate at Osgoode Hall Law School. She taught at Osgoode for years as a Course Director including courses such as Business Associations […]
Apr
29
2019
Stephen Jarislowsky (a former director of SNC and current director of FAIR Canada) has written a personal note where he calls on the Board of SNC-Lavalin to have a shareholder vote on the sale of the 407 shares. He also asks: why is the government reluctant to negotiate a settlement?  ………………………………………………………………………………………………………………………………. Having served as a […]