Ellen Roseman

Personal finance columnist at the Toronto Star and previously the Globe and Mail. My passion is consumer advocacy and making sense of money

Apr 17, 2021
Published on: LinkedIn
1 min read

Interesting argument, Harold, backed by statistics from an earlier task force. #advisor #negligence #fraud

What is the more common cause of harm to Canadian investors: fraud or advisor negligence? Regulators focus on fraud. A recent statistical study shows this emphasis is misplaced. By a wide margin, advisor negligence causes more reported incidents of harm. See: Professor #MarkLokanan study for the Ontario Common Markets Regulator Taskforce #CSA #OSC #IIROC #MFDA #ASC #BCSC #EMD #time4change