Suitability and Loss Assessment Consultation • Financial Literacy Month • The Hon. Lincoln Alexander
OBSI issued a consultation paper in 2011 detailing its investment suitability and loss assessment process.
In the majority of investment complaints we receive each year about advice-based accounts, investors complain that they received poor advice, their investments or investment strategies were unsuitable and/or that their investments did not perform as they expected. In such "suitability" complaints, investors ask to be compensated for the investment losses they incurred.
New By-law Approved
New OBSI Directors • Refreshed OBSI Website
In response to the recommendations made after OBSI's independent review in 2011, a draft framework regarding the governance structure of OBSI was developed for consultation.
Public Consultation: Governance Reform
In response to recommendations made by OBSI's independent reviewer, OBSI's Board of Directors created an ad hoc Governance Committee of the Board to oversee the transition to a new governance structure, develop new governance policies and processes as appropriate, and consult with stakeholders on these changes.
New Chair of OBSI • Director Nominations
OBSI’s Terms of Reference embody the dispute-resolution mandate that our organization performs for the banking and investment industries.
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