Sunday, July 10, 2005

Investment Advocacy Discussion Forum Worth a Look

I am finding less time to post blogs to this site, but the good news is that the forum at:

www.investoradvocates.ca

is reaching more people who either need help or are willing to be of help to abused investors.

Feel free to visit the forum. No registration necessary. Just jump in and give your best.

So far it is working to help educate the public and improve conditions for investors.
cheers
Larry

another OSC town hall question that does not hold true

39. My financial planner was charging a yearly fee, plus must have been receiving commissions from the mutual funds, which he never disclosed. Is the securities commission scrutinizing this practice?
If your financial planner is a representative of a dealer, then there are rules that require that information about commissions paid for trades be disclosed to you. For mutual fund dealers, commissions charged for a trade as well as amounts deducted as sales, service or other charges are required to be disclosed in trade confirmations.

"this advocate questions whether there is anyone out there who has a trade confirmation that shows how much commission they paid, or the advisor earned, or they became liable to pay, or any trailing commission..............I have never seen one"

IS the OSC right on this one?

go to www.investoradvocates.ca for the forum on these topics and others