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Bitcoin and other cryptocurrencies are in the news a lot these days. As a first step towards learning more about who is purchasing cryptocurrencies and why, the Investor Office recently conducted a small "pulse" survey. Among the findings, 7% of Ontarians reported owning a cryptocurrency, a number that increased to 29% of men aged 18 to 34. Learn more
We remind people that, while new financial products can help foster dynamism in our capital markets, investors should always do their due diligence before purchasing a cryptocurrency or cryptocurrency-related product. Depending on their characteristics, certain cryptocurrency-related products may be subject to securities regulation. Unlike traditional currencies, cryptocurrencies are also not issued or backed by any government entity. More resources on investing are available at GetSmarterAboutMoney.ca.
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Do you have a complaint or issue with an investment firm? The Ombudsman for Banking Services and Investments (OBSI) is a free, independent dispute resolution service for investors. OBSI can make recommendations for compensation up to $350,000. Read our Making a Complaint resource to understand the steps to take if you are seeking compensation or to report wrongdoing.
Securities regulators strongly support OBSI in its role as the independent dispute resolution service available to investors, and recently published CSA Staff Notice 31-351 Complying with requirements regarding the Ombudsman for Banking Services and Investments. This notice highlights concerns about some registered firms’ complaint handling systems and participation in OBSI’s services, and sets out potential regulatory responses. The notice also outlines staff’s concerns regarding the use of an internal "ombudsman" as part of complaint-handling systems.
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Following the release of our research study, Missing Out: Millennials and the Markets, we've put together a resource page to help younger Ontarians get started with investing, understand investment products, and plan for the future.
Any investor can also use our Interactive Investing Chart to see how various types of investments have performed historically or over specific time periods.
The study found that 4 in 5 Ontario millennials are saving, but only 1 in 2 are investing. Their reasons for not investing include having other financial priorities, not having enough income or savings, not knowing enough about investing, and having concerns about losing money in the markets. Read the report
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CSA Investor Index
The Canadian Securities Administrators (CSA), which includes the Ontario Securities Commission, recently released the 2017 CSA Investor Index. Among the findings, 53% of Canadian investors are optimistic about achieving their investment targets over the next year, compared with 39% of investors in 2012. However, more than half of Canadians (51%) failed the general investment knowledge test included in the survey, highlighting the continued importance of the CSA’s and its members’ investor education initiatives. Learn more
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Investment Products
There are many types of investment products available in the market and each has its own set of features, risks and potential returns. Visit our Investment Products hub to understand how different products can help you achieve your financial goals. Learn more
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Kids and Money
Learning good money habits early on can serve your children well throughout their lives. Use this resource to help you get started in talking to your kids about money. You can also plan household money activities together to reinforce money lessons. Finally, take a look at these 10 useful tips to help your child get smarter about money.
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Short-Termism
Do you find yourself planning for the short term more than the long term? Do you often get tempted by immediate rewards, or do you sacrifice them for the longer term instead?
Focusing on long-term goals can be tough to do, especially when these goals feel abstract and complicated. Learn more about behavioural concepts such as short-termism 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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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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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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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.
- Toronto (Etobicoke) - January 9, 2018
- Brampton - January 17, 2018
- Toronto (Downtown) - January 19, 2018
Learn More
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Here are 4 reasons why people buy mutual funds.
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