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Maureen Jensen, OSC Chair and CEO
Maureen Jensen's term as Chair and CEO of the OSC has been extended by the Ministry of Finance for three years, to February 2021. As part of the announcement, Maureen said “I look forward to continuing to lead the OSC and working alongside market participants and our dedicated staff to foster an environment that is competitive and attractive for Ontario’s businesses and investors. I remain strongly committed to moving forward with key reforms to better protect investors, reduce regulatory burden and support innovation in capital markets.” Learn more
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Investing in the Marijuana Industry
We encourage investors to read our new resource on investing in the marijuana industry.
The marijuana industry has grown quickly in recent years as a number of jurisdictions, including Canada and certain U.S. states, have explored new laws around the sale and use of marijuana. While many marijuana companies are promising investors the chance to capitalize on an opportunity for considerable future growth, investing in a marijuana company comes with a number of risks that investors should also be aware of.
The Canadian Securities Administrators (CSA) also published CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related Activities in October which, among other things, outlines CSA staff’s specific disclosure expectations for issuers that have, or are in the process of developing, marijuana-related activities in the United States.
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Familiarity Bias
Do you only invest in GICs or a handful of stocks because you feel unfamiliar with other investment choices? Are you drawn to Canadian stocks because they're from the country you know best? It’s understandable to be anxious about the unfamiliar, but taking the time to learn more about different investments may help reduce that stress. Consider the impact familiarity bias could have on your investing goals.
Learn more about behavioural insights concepts such as familiarity bias to help avoid making investment mistakes. You can also read the Investor Office report Behavioural Insights: Key Concepts, Applications and Regulatory Considerations (OSC Staff Notice 11-778) that describes key principles and concepts of behavioural insights, and examines how leading practitioners are using these insights to improve government policy and financial regulation.
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Ombudsman for Banking Services and Investments
The Ombudsman for Banking Services and Investments (OBSI) is a free, independent dispute resolution service for investors with a complaint or issue with an investment firm. Where a complaint has merit, OBSI can recommend compensation to investors of up to $350,000. For more information on OBSI, including how to make a complaint, visit OBSI.ca.
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Investor Protection Clinic
The new Investor Protection Clinic at York University’s Osgoode Hall Law School may be able to help investors who believe that their funds have been mishandled and who cannot afford a lawyer to help them sort out the problem.
The Clinic provides free legal advice to qualifying investors on a range of issues and is a partnership between Osgoode Hall Law School and FAIR Canada, funded by the Law Foundation of Ontario Access to Justice Fund. Learn more about the Clinic from their recent publication and video.
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InvestmentReporting.ca
Earlier this year you should have received two new annual reports detailing your investment performance and the cost of advice. These new reports are part of a regulatory initiative known as CRM2.
Visit our website InvestmentReporting.ca to help you navigate these two new reports. Take a moment to understand what these reports are telling you about your investment accounts. As always, ask questions if something isn't clear or if you have concerns.
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Investor News
Almost 8,000 people have signed up for Investor News to stay informed about the latest investor initiatives, educational resources, topical issues, key dates and investor warnings and alerts. If you haven't already done so, subscribe today or let your family, friends and colleagues know that they should subscribe too. You can also catch up on past issues at our Investor News archive.
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Proposed Amendments to Mandatory Central Counterparty Clearing of Derivatives
Comments due: January 10, 2018
The CSA published for comment proposed amendments relating to the mandatory central counterparty clearing of derivatives rules and changes to the companion policy.
Learn More
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Comments on the approach to determining director and audit committee member independence
Comments due: January 25, 2018
The CSA is seeking comments on the appropriateness of its approach to determining director and audit committee member independence.
Learn More
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Always know the 5 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog.
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Investor Office Teletownhall
November 23, 2017
Teletownhalls are a way for the Investor Office to connect with thousands of Ontarians at a time. Teletownhalls work much like a call-in radio show where OSC staff provide information, answer questions and conduct live polls over the course of one hour.
Our upcoming teletownhall is being held as part of Financial Literacy Month, with special guests from IIROC, the MFDA and OBSI.
Registration
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OSC in the Community
OSC staff are taking the Commission's regulatory mandate from Bay Street to Main Street with seminars on preventing fraud and making informed investment decisions.
- Mississauga - November 13, 2017
- Peterborough - November 15, 2017 (morning)
- Peterborough - November 15, 2017 (afternoon)
- Toronto (Scarborough) - November 22, 2017
- Markham - November 23, 2017
- Pickering - November 28, 2017
- Whitby - November 30, 2017
- Toronto (North York) - November 30, 2017
Learn More
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Deciding how and where you save your money is big part of your retirement plan. Here are 3 ways to save for retirement.
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