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What’s New

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.
Mar
01
2017
So if you wrote 72 pages about the Best Interest Standard, it must be important. Can you tell me what the issue is in a nutshell? (Preferably, a nutshell that’s shorter than 72 pages?) Sure! Basically, FAIR Canada has been saying for years that investment firms and their advisors should have to act in their […]
Feb
07
2017
Rob Carrick writes about how securities regulators must be cautious in how they regulate so that the robo-advisor and on-line investing models are not stifled. He is of the view that the investment industry needs to improve its approach to assessing the risk profile of investors and that guidance to investors on discount brokerages should […]
Feb
06
2017
The SEC has issued an Investor Bulletin advising investors that they should be aware that alternative mutual funds hold non-traditional investments or use complex investment or trading strategies. The SEC warns investors of their unique characteristics and risks. It also compares these funds to hedge funds in the Bulletin. Finally, it notes that investors should keep […]
Feb
06
2017
The U.S. based Investor Stewardship Group has issued a framework consisting of corporate governance and stewardship principles. The Group – which includes BlackRock Inc., the Vanguard Group, T.Rowe Price Group Ince, RBC’s Asset Management division and MFS Investment Management – released the principles for institutional investors on January 31, 2017. While the corporate governance principles […]
Jan
25
2017
FAIR Canada provided comments on the proposed amendments to MFDA Rule 1.2.5 (Misleading Business Titles Prohibited). The MFDA’s minimum proficiency requirements for Approved Persons seeking to use the title “financial planner” is a positive step in furtherance of investor protection, however, on its own, is not enough. FAIR Canada strongly believes that what is urgently […]
Jan
17
2017
A notice citing concerns with the way exempt-rights offerings are structured was issued by five provincial securities commissions. The securities commission of Ontario, Quebec, Alberta, Manitoba and Saskatchewan say they are concerned that some issues may be abusing shareholders in the way that certain rights offerings are structured, noting that the ability to provide “stand-by […]
Jan
17
2017
Dan Hallett of the Globe and Mail writes about how the risk rating section of the ETF and mutual fund facts document is flawed as it doesn’t convey how much investors can lose.
Jan
12
2017
Marian Passmore, FAIR Canada’s Director of Policy and COO, sat down with Amanda Lang on Bloomberg North to discuss banning embedded investment fund fees, a proposal which the CSA just released. FAIR Canada has advocated for the removal of embedded fees since the CSA began its consultation 2012, and maintains that removing embedded fees is […]