RSM230H1 Chapter Notes - Chapter 3: Sales, Financial Statement, Underwriting
Document Summary
Sros cannot award restitution to injured parties --> must go to court. Attempts to resolve dispute with investment dealer were made. Disputed events could not have occurred prior to provincial set cut- off dates. Ombudsman for banking services and investments (obsi) - an independent body. All members till date have followed the obsi"s recommendation to justice. Extensive legislation to protect investors ensure high ethical standards (uniform standards) Established by provincial securities with self-regulatory organizations (sros) Us has the securities and exchange commission (sec) Canadian securities administrators (csa) issue national policies to promote consistency in the regulatory environment. Principle: provide investors with full, true and plain disclosure of all material facts relating to securities. All ia and securities firms must register using the national. Replaced the old paper-based system on the uniform. Non-trading employees are exempt from registration requirements as long as they are not involved in the sale of securities.
