Ontario Targets Unethical Financial Advisers with New Industry Measures


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.

Read full article here.

Tim Shufelt And Janet Mcfarland – Globe and Mail – March 31,  2017.

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