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What’s New

Dec
05
2018
Frank Allen (Executive Director) and Marian Passmore (Director of Policy and COO) of FAIR Canada appeared before the Standing Committee on Finance on November 8 2018 to present their views on Bill C-86.
Dec
05
2018
FAIR Canada is pleased to announce that its annual general meeting was held on November 28, 2018  in Toronto. Members elected 9 directors to the FAIR Canada Board of Directors. The following directors were elected: Preet Banerjee – management consultant Stephen Jarislowsky – portfolio manager and philanthropist Guy Lemoine – retired vice-president of the Quebec Securities Commission (Vice […]
Dec
03
2018
From a review of the Ontario Exempt Market Report, 2018 (OSC Staff Notice 45-716) one can see that retail investors’ interactions with the exempt market are different than institutional investors. Individual investors contribute only 2% of the total capital in the exempt market but are a large proportion (77%) of its 28,500 investors.   $54 […]
Nov
28
2018
CARP, the Consumers Council of Canada and FAIR Canada welcome a measure in the Fall Economic Statement signalling the government heard consumer opposition to unfair banking dispute rules: banks should not be able to choose their own referees in disputes with their customers. “Minister Morneau indicated he heard the concerns of Canadians who are demanding […]
Nov
20
2018
The Supreme Court of Canada has unanimously decided that the implementation of the proposed Cooperative Capital Markets Regulatory System (CCMR) under its memorandum of agreement is constitutional and that the proposed federal Capital Markets Stability Act is constitutional. With the constitutionality of the CCMR being confirmed, FAIR Canada repeats its investor-related concerns about the proposed […]
Nov
09
2018
With today’s Supreme Court’s decision confirming the constitutionality of the CCMR, FAIR Canada repeats its investor-related concerns about the proposed CCMR and renews its call for stronger investor protection measures to be included in the governance structure and substance of the CCMR.
Nov
01
2018
Toronto – November 1, 2018 – Today, Scotiabank is hiring a private, for-profit company – ADR Chambers Banking Ombuds Office (ADRBO) – to assess consumers’ banking complaints. In pursuing this consumer unfriendly decision, Scotiabank becomes the fourth major Canadian bank to take this course of action. Scotiabank follows RBC, TD Canada Trust and National Bank […]
Oct
19
2018
FAIR Canada commends the CSA for pursuing reforms to the client-registrant relationship with the goal to better align the interests of registrants and clients so that advice is not compromised by compensation related and other conflicts that result in the firm and their representatives placing their own interests above those of their clients, to improve […]
Oct
11
2018
Toronto – September 25, 2018 – CARP, the Consumers Council of Canada and FAIR Canada are calling on the Government of Canada to protect banking consumers by appointing a single, not-for-profit organization to act as the ombudsman for the retail banking sector across the country. CARP, the Consumers Council of Canada and FAIR Canada have […]
Sep
20
2018
Anna Irrera of the Globe and Mail reports that several cryptocurrency Exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protection, according to a report issued by the New York Attorney General’s office. FAIR Canada believes that such exchanges operating in Canada should also be examined, if they have […]