An independent evaluation says OBSI "should be enabled to secure redress for consumers."
OBSI says suitability of investment or advice continues to be the most common complaint issue.
Currently chair and CEO of the Nova Scotia Securities Commission, Sarah Bradley will lead OBSI.
OBSI has announced that Sentinel Financial Management Corp. has refused the ombudsman’s recommendation to compensate a retired investor in the amount of $55,000.
OBSI has issued three more “name and shame” press releases identifying firms that have refused the ombudsman’s investor compensation recommendations.
CSA has announced a slew of rule amendments that will mean more paperwork for advisors.
OBSI has released its annual report for 2014. Here are the highlights:
OBSI has announced the refusal of FundEX Investments Inc. to compensate investors in the amount of $106,123.
The OSC is adding two sessions to help Ontario registrants strengthen their compliance practices.
Canada’s system for resolving disputes between advisors and clients is badly broken.