News

Posted On Thursday, 08 July, 2021

bulletinWhile final fees will not be determined until approved by our board in late September and will not be invoiced until November 1, the purpose of this bulletin is to assist firms in their annual planning by sharing the likely direction of OBSI fees for 2022. 2020 and 2021 have been exceptional years for many reasons. From OBSI’s perspective, one of the biggest impacts of the pandemic has been a significant and ongoing increase in consumer and investor complaints. Complaint...
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Posted On Wednesday, 30 June, 2021

newsletter banner Read OBSI's latest newsletter featuring our newest case study, consumer bulletin, notice of independent evaluations and more.
Click here to read OBSI e-news: Q2/2021.

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Posted On Thursday, 06 May, 2021

consumer bulletinLast updated: Monday May 10, 2021
Deferred sales charges (DSCs) are fees that mutual fund investors pay to the mutual fund company if they sell the mutual fund within a certain time after purchasing it. All mutual funds have fees and there are many ways that these fees can be structured. Not all mutual funds have DSCs, but many do. The amount the investor must pay when they sell a mutual fund with DSCs declines over time and typically reaches zero after five to seven years....

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Posted On Thursday, 29 April, 2021

news release Toronto, April 29, 2021 – The Ombudsman for Banking Services and Investments (OBSI) has released its Annual Report for 2020.
“The challenges of 2020 were unprecedented for OBSI, as they were for people and organizations around the world, in the wake of the COVID-19 pandemic,” said Sarah Bradley, Ombudsman and CEO, “and I am proud of the outstanding performance of our organization through this difficult period. Our work for the year has taken place...

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Posted On Friday, 26 March, 2021

newsletter banner Read OBSI's latest newsletter featuring our annual report, our latest consumer bulletin for fraud month, and more.
Click here to read OBSI e-news: Q1/2021.

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