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Wealth Professional | 21 Apr 2016, 08:15 AM Agree 0
Recommendations submitted to Ontario Securities Commission ask for a best interest standard and more
  • John De Goey | 21 Apr 2016, 10:08 AM Agree 0
    This is so 1999. The best time to plant an oak tree was 20 years ago. The second best time is today. Just get on with it already.
  • bkennedy | 22 Jul 2016, 01:17 PM Agree 0
    When is the osc going to start with the basics every other consumer protection oversight entity does. And that is to vet the contracts dealer brokers ink with investors especially on line and self directed investors to ensure the terms are compliant with Ont securities own statutes including requirements for registered entities at this point osc does not bother with this and seemingly ignores emergent on line investors. The statutes manadate fairness and st*te all investors are to be protected. If osc continues to ignore sections of investors it should make it clear that actually it doesn't protect all investors only certain groups eg those using advisors. And only screens for active forms of advisor driven misrepresentation rather than more passive varients. (the statutes make no distinction) so why only rotect some investor types. Why not vet the contract terms when any investor including on line and self directed oen accounts to ensure those contracts are even legal compliant let alone fair? The supreme court has been very clear on the issue of contract wording so why does osc carry on as if this isn't part of its oversight duties?
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