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Latest News
OBSI Consumer Council Shuttered After Mass Resignation
The Ombudsman for Banking Services and Investments (OBSI) shut down its Consumer and Investor Advisory Council (CIAC) in mid-June, one day after four of five CIAC members resigned, and three days after the release of a report that described a frayed relationship...
First Window Blind Recalls Under New Regulations
A British Columbia manufacturer became the first company to have its products recalled under the new window covering safety regulations that came into effect May 1. Health Canada announced the recall of Brite Blinds Brand 2” SafeCord Fauxwood blinds because of the...
Report: Canada’s Securities Arbiter Should Issue Binding Judgments
Consumer disputes involving Canadian securities firms should result in binding judgments from the industry’s independent arbiter rather than the current “name and shame” enforcement protocol, says a recently released report. The independent evaluation of the Ombudsman...