A national regulator? It’s about time.

A national regulator? It’s about time.

The government is about to unveil plans surrounding a national securities regulator.

Finance Minister Jim Flaherty is expected to unveil a government plan Wednesday to create a single Canadian securities regulator.
Currently, each province and territory runs its own regulator…

It’s about freakin’ time.

I’ve had my mutual funds license since about 1994/95. And let me tell you, it’s a major pain in the ass when you’re dealing with a customer who is from another province. Sure, there are parts of the country where it wouldn’t likely matter, but in Ottawa – with Gatineau right next door – it’s a major issue.

Not having a national regulator really hamstrings the ability for people like me to provide sound advice to customers. If I can’t legally give that advice, or provide the service, how does the customer benefit?  Read More…

Replies to this Post

  1. Camron K

    Most of my funds are in Ontario and i am a resident of British Colombia and so i’ve experienced the sting of having to discuss issues. Something like a national regulator would take the frustration away, well, at least some of it.

  2. Reynaldo E

    Flaherty was on CBC the other day giving more details and so far so good. B)

  3. Arthur S

    All in all its a thing that should have been here decades ago. What took so long?

  4. Diego B

    If you read the full plans there are some annoying issues that personally i feel might cause more bad than good.

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