Most investments have fees associated with them. Some fees are more obvious than others. Total cost reporting enhancements will make it easier to see the embedded fees you pay for prospectus-qualified investment funds.

Some celebrities have more than champagne problems right now. They’re being sued for promoting FTX. A class action suit accuses them of promoting the sale of unregistered securities. Taylor Swift was reportedly one of the only celebrities who saw trouble when it walked in. She was skeptical of the wildest dreams promised by the crypto exchange. She looked in the mirrorball and did her due diligence by asking FTX if the crypto tokens were not unregistered securities. Reports say she was considering a sponsorship deal, but she decided to shake it off because of the unregistered securities concern. 

To make a long story short, remember:

• Always check the registration of anyone trying to sell you an investment. 
• Make sure the crypto trading platform is registered. 
• Don’t forget you need to calm down if you are seeing too good to be true returns. Watch for the red flags of crypto fraud.
• And while you want your returns to be better than a blank space, be skeptical of finfluencers trying to sell you an investment product. 

The OSC published its 2023-2024 Statement of Priorities. It sets out four strategic goals the OSC will focus on this fiscal year, beyond core regulatory operations:

• Building trust and fairness in Ontario’s capital markets.
• Strengthening investor safeguards.
• Adapting regulation to align with innovation and evolving markets.
• Enabling the organization to deliver effective regulation.

The OSC may take on additional priorities or reprioritize initiatives during the year in response to emerging issues and changing market conditions.

It’s easier to avoid a scam if you know what one looks like. Our new video highlights a crypto scam and shows you how to keep your money safe.

Buying real estate may be the largest purchase you will ever make. Learn about considerations if you’re thinking of buying a home. A home can also become an important asset in your investment plan.

Pension plans have a single focus: retirement. Your employer may offer pension plan contributions as part of your compensation package. It can be a convenient way to save for your retirement. The Financial Services Regulatory Authority of Ontario (FSRA) role as regulator is to ensure pension plans meet the legal standards in the Pension Benefits Act. Learn more about pension plans.

The OSC’s annual conference brought together business leaders, senior regulators, and international policy experts on April 27. OSC Dialogue 2023: Regulating with Purpose included discussions about the path forward amid the risks and opportunities posed by fast-evolving capital markets. High-profile keynote speakers and panel discussions, at the at capacity in-person event, covered topics including crypto regulation, climate disclosure and diversity.

• The Capital Markets Tribunal introduced plain language “decisions in brief.”
• Members of New Self-Regulatory Organization of Canada (New SRO) approved the new name of the organization to Canadian Investment Regulatory Organization (CIRO). The name still requires approval by the provincial and territorial security regulators. New SRO hopes to use the new name around June 1. Members will have until December 31, 2024, to make all necessary updates.
• The CSA and the Canadian Council of Insurance Regulators (CCIR) published changes to enhance total cost reporting (TCR) disclosure for investment funds and individual segregated fund contracts (Segregated Funds).
• Canadian securities regulators published an annual activities report on the oversight of SROs and investor protection funds.
• The CSA announced certain unregistered crypto asset trading platforms have filed an enhanced pre-registration undertaking with their principal regulator following the publication of CSA Staff Notice 21-332.
• The CSA congratulated Charles-Antoine St-Jean on his appointment as the first-ever Chair of the Canadian Sustainability Standards Board of Canada (CSSB).

Talking about money with your kids can help them develop good habits. Well before they leave the nest, it’s important to help children grasp financial concepts and developing confidence.

What do you really need? When you’re setting budget priorities try to separate the things you need from the things you want.

How do you feel about risk when it comes to your money? Understanding your risk tolerance when you’re making investing decisions is important.

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