Many investors have suffered significant financial loss while they trusted their advisors to look after their investments. The victims are ordinary investors from all walks of life who believe that in our society there are rules and regulations that offer protection for the consumer/investor.
While that may be true, there are many financial advisors who are either not qualified or registered, and some who are properly registered who disregard the rules. Our regulatory system lacks the teeth to discourage some of these financial predators from breaching the rules and taking advantage of ordinary investors.
Investors need to know the dangers they will face in dealing with the investment industry. The media presents only a very small fraction of the stories that are regularly being played out across Canada. Investors need to become aware of the risks over and above those associated with the risk of the security itself.
As part of your investor education read a few of the articles about victims and ask yourself "Could it happen to me?" For many the answer will be yes. For those of you who feel safe because "I trust my advisor!", keep in mind that all the victims who lost significant portions of their savings trusted their advisors.
The clients of Patrick Kinlin and Michael Holoday, both jailed for fraud, trusted their advisors.
Toronto's Major Daily Newspapers
Check the Globe and Mail archived articles with a 7 day search capability. Select Report on Business for business articles.
Check the National Post archived articles with a 60 day search capability. By selecting Financial Post and Today's Columnists you can make selections by article.
Check the Toronto Star archived articles with a search capability. Select Business and then Business Columnists to search a list of articles dating back several months.
Check the Toronto Sun's money editor Linda Leatherdale's articles on the Canoe website.
As one of Canada's most prominent Securities Administrators the Ontario Securities Commission issues News Releases on events that effect investors across Canada.
Check the Canoe website for Catherine
Rahal's archived articles. Catherine was left a widow when her husband
died in a plane crash. Her husband's life insurance provided for her so
she would not have to work. She trusted her advisor and within a few short
years the money was gone. Now Catherine has qualified as a financial
advisor and provides reliable advice to her clients.
News articles for small investors
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|© 2002 Small Investor Protection Association | DISCLAIMER | page updated: March 05, 2005|