Ontario Receives Praise for Plans to Strengthen Consumer Protection


The Ontario government has received praise from the Investment Industry Regulatory Organization of Canada (IIROC), CARP and Prosper Canada, for proposing legislative amendments aimed at protecting investors in Ontario from abuse.

The government is proposing legislative changes that would allow self-regulatory organizations (SROs) to collect fines levied against individuals, said the Ontario finance minister Charles Sousa in a keynote address March 31 at a financial services conference in Toronto. IIROC, CARP and Prosper Canada have been advocating for the government to amend the Ontario Securities Act in such a way as to give the IIROC more disciplinary authority.

A message of deterrence to potential wrongdoers

Read full article here.

IIJ Staff – Insurance Journal – April 3, 2017.

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