Be bold, regulators
Those still timorous and uncertain about introducing a best interest duty have a duty, themselves, to become decisive
Latest news in Neil Gross
Non-GAAP metrics: investors’ little helpers or harmful nonsense?
Every company can calculate non-GAAP metrics however they want, so there’s real risk of investors and markets being misled
- By: Neil Gross
- October 3, 2016 November 10, 2019
- 05:00
Class dismissed
Overcautious courts are erecting barriers to securities class actions, even though these lawsuits are essential for maintaining the integrity and fairness of our capital markets
- By: Neil Gross
- September 6, 2016 November 10, 2019
- 09:00
Why is deficient issuer disclosure allowed to persist?
Data show that investors routinely receive, or are at risk of receiving, seriously bad disclosure from reporting issuers more than a quarter of the time
- By: Neil Gross
- August 8, 2016 November 10, 2019
- 06:30
If equity crowdfunding is a dud, let it die
The trickle of interest in the U.S. has prompted some lawmakers there to conclude that the design of the exemption must have been bungled
- By: Neil Gross
- July 11, 2016 November 10, 2019
- 05:00
Who benefits and who loses from keeping OBSI toothless?
A new independent report makes it clear that binding decisions are needed for full and fair compensation
- By: Neil Gross
- June 13, 2016 November 10, 2019
- 05:00
Investment professional or faux pro: Which will you be?
It’s time for advisors who want to be true professionals to make their voices heard in support of some real reforms
- By: Neil Gross
- May 16, 2016 November 10, 2019
- 05:00
The case for robo-reciprocity
Reciprocal enforcement of disciplinary orders is a practical way to reduce problems caused by regulatory fragmentation, but it needs to be comprehensive and automatic
- By: Neil Gross
- April 18, 2016 November 10, 2019
- 05:00
Fraud prevention requires detention
Deterrence is the key ingredient, but it won’t be achieved through fines and public education
- By: Neil Gross
- March 21, 2016 November 10, 2019
- 05:00
Laws should aid misled investors, not negligent auditors
It’s time to discard an ill-fitting legal precedent and rethink our inadequate liability limits
- By: Neil Gross
- January 25, 2016 November 10, 2019
- 06:00
Margin of error: Why advisors shouldn’t be off-book loan distributors
Letting margin and off-book lending proliferate simply invites disaster — as does any arrangement that incentivizes advisors to recommend leveraging
- By: Neil Gross
- December 21, 2015 November 10, 2019
- 07:00
Get ready for the Kijiji Stock Exchange and Uber portfolio-sharing app
Can anything stop consumers from using disruptive technology to sidestep the investment industry’s business models?
- By: Neil Gross
- October 26, 2015 November 10, 2019
- 05:00
Advisors’ failure rate in recent “mystery shopping” tests: 37%. Imagine if doctors performed that badly.
The results underscore an urgent need to reform lax proficiency standards and adopt a best interests duty so Canadians can get the caliber of investment…
- By: Neil Gross
- September 28, 2015 November 10, 2019
- 05:00
OBSI’s new chief must transform the end game
‘Naming and shaming’ is ineffective and dysfunctional. It needs to be replaced by a practical mechanism that produces binding decisions
- By: Neil Gross
- August 31, 2015 November 10, 2019
- 05:00
Take more and broader collective action, regardless of constitutional leanings
Financial services regulators, SROs and legislators should work more closely together to kick out scoundrels and collect the money owed in fines
- By: Neil Gross
- August 4, 2015 November 10, 2019
- 05:00
What choice do we have when choice itself is engineered?
Investors’ freedom of choice is somewhat illusory. But we can change that and, in the process, make things better for investors and advisors alike
- By: Neil Gross
- July 6, 2015 November 10, 2019
- 05:00
Whistleblowers deserve full protection – including anonymity
Nothing else truly guarantees safety from reprisal, workplace ostracism and career loss
- By: Neil Gross
- June 8, 2015 November 10, 2019
- 05:00
New plans and proposals deserve praise
Policy initiatives on ETFs, bonds, private placements, pensions and financial planners all merit some cautious kudos
- By: Neil Gross
- May 11, 2015 November 10, 2019
- 05:00
Want strong investor protection? Become ‘Regulators Without Borders’
Stop making investors figure out who’s got jurisdiction to address their concerns. Instead, build a seamless help desk, and connect all investment regulators to it
- By: Neil Gross
- April 13, 2015 November 10, 2019
- 05:00
How committed are we to preventing investment fraud?
Beyond education, it will take better co-ordination, stronger tools, firmer sentencing and political resolve to win the battle against fraud
- By: Neil Gross
- March 16, 2015 November 10, 2019
- 05:00
Crowdfunding portals need to get their own startups right
There are five key steps crowdfunding portals must take right now to ensure their first strides aren’t missteps
- By: Neil Gross
- February 16, 2015 November 10, 2019
- 06:00
If there must be an OM exemption, make it safer
Protecting the public from OMs’ misuse isn’t just important for the sake of investors; it’s also necessary to help small businesses gain sustainable access to…
- By: Neil Gross
- January 19, 2015 November 10, 2019
- 06:00
Clients aren’t anyone’s property
When an advisor switches firms, it’s the investor’s choice whether to stay or follow. Nothing should interfere with that
- By: Neil Gross
- December 8, 2014 November 10, 2019
- 06:00