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Wealth Professional | 17 Dec 2014, 09:03 AM Agree 0
The Ontario Information and Privacy Commissioner issued an Order Tuesday requiring the Rouge Valley Health System to implement wholesale changes to its electronic information systems while RESP dealers remain nameless.
  • Harley Lockhart CLU CHFC | 17 Dec 2014, 12:24 PM Agree 0
    Certainly to disclose private information, especially for personal gain, is unacceptable today. It looks like the Ontario Information and Privacy Commissioner is on the ball. Too bad we can't say the same think for the investment regulators. With all the lawyers at the OSC, one would think this issue could have proceeded at least to the point that the industry perpetrators could be identified. Instead of making new rules, perhaps more focus could be directed toward enforcement of regulations in existence. If there is no specific rule prohibiting the purchase of private information from unauthorized sources, it is another indicator that regulation by specific rule is far inferior to regulating on principal. There is no question the principal of buying unauthorized private information is unacceptable and unprofessional.
    If the press does not follow their name to press for accountability and improved performance by the regulators, they are without accountability to anyone.
  • Will Ashworth | 18 Dec 2014, 09:31 AM Agree 0

    Great points.

    WP continues to try to get the names of the RESP dealers. Unfortunately, it looks as though that information won't be revealed until the trial starts later in January.

    The dealers in question had to have had some suspicion the lists were questionably obtained. Yet, they remain nameless. Very odd.
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