Securities regulation in Canada: One step forward, two steps BACK? (PODCAST)


Is securities regulation about to take a step backwards in Canada?

A new model for cooperative capital markets regulation that has been proposed might spell the end (or at the very least, the delay) of any Best Interest Standard for financial advisors in Canada, the end or delay of a push to ban embedded commissions, and more.

Professor Anita Anand, one of Canada’s most respected authorities on securities law, explains the lay of the land when it comes to securities regulation in Canada and explains the main points from her recently published white paper examining the impact of the proposed Cooperative Capital Markets Regulator on investor protection.

To cut to the chase: it looks like investor protection could be moving backwards if implemented in its current form. Some regulators have pushed further than others when it comes to moving the needle on investor protection but their work and momentum could be undone.

Here’s what you can do if you want to help drive investor protection FORWARD in Canada, not BACKWARD:

1. Consider supporting organizations that fight for investor protection (like FAIR Canada). Disclosure: I, Preet Banerjee, am a member of the board of directors of FAIR Canada (current as of May 18th, 2017).

2. Add your email to the free subscriber list for Professor Anand’s blog to learn more about Canadian Business Law issues that impact you.

The episode is now available on iTunes (You have to click through to “view in iTunes”). You can also just use the embedded player or MP3 download down below to listen to it right away (you must be on this website to see it).

Ratings on iTunes are appreciated

If you enjoy the podcast, please use the iTunes link to give it a rating (or even a review) if you have an iTunes account.Your reviews help get the podcast get noticed, which helps to attract high profile guests.

Preet Banerjee
Preet Banerjee an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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