OBSI – Mandatory ADR for All Canadian Securities Registrants – Coming May 1, 2014


Effective May 1, 2014 (the Effective Date), the Canadian Securities Administrators (the CSA) has announced that the Ombudsman for Banking Services and Investments (OBSI) will become the independent and common dispute resolution and mediation service provider that will be required to be used by all registered firms under NI 31-103[1] in all jurisdictions in Canada, […]

WARNING! OSC to Engage in “Mystery Shopping” – Dealers and Advisors Beware!

Mystery Shopper

For Dealers and Advisors and their Representatives The Ontario Securities Commission (the OSC) has recently announced that it will engage in “mystery shopping” research involving dealers and advisors this fiscal year to gauge the suitability of advice currently being provided by registrants.  The purpose of the research is to identify areas of concern that may […]