Investment industry firms urged to do more to prepare for and respond to the needs of vulnerable investors
The clinic will provide legal help to investors that may have suffered losses due to misconduct
The IAP notes such provisions were recently adopted in the U.S.
The groups are aiming to develop a mechanism to help firms and advisors protect clients who may be victims of elder abuse or with diminished mental capacity
As a result of the regulators’ move, the investor advocacy group is now against the proposed national regulator
The group is asking the CSA in an open letter to step up its oversight and ensure bank-based advisors are meeting their regulatory obligations
The investor advocacy group has some novel recommendations, including the establishment of a fund to compensate victims of frauds