The Ontario government announced measures on Friday aimed at protecting investors from unethical advisers and enhancing oversight of the financial-services industry.
Legislation will be proposed giving industry regulators the right to enforce disciplinary action and fines through the courts, Finance Minister Charles Sousa said in a speech at a financial-advice conference in Toronto.
“This measure will improve the self-regulatory organizations’ ability to collect fines levied against individuals and help deter potential offenders from wrongdoing in the first place,” he said.
Tim Shufelt And Janet Mcfarland – Globe and Mail – March 31, 2017.
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