Concerns about the effectiveness of regulatory enforcement are aggravated by the challenges victims often face in trying to recover their losses. FAIR Canada has recently urged the Ontario government’s Capital Markets Modernization task force to focus on meaningful access to justice for aggrieved investors. It recommended the Ontario Securities Commission (OSC) have a clear mandate and stronger powers to order financial compensation for harmed investors. FAIR Canada also recommended to the task force that the Ombudsman for Banking and Investment Services (OBSI) have the power to make binding compensation awards.
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