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CSA Proposes Expanded Mandate for OBSI • More Reaction to Octagon’s Refusal to Compensate • Holiday Reception
Ombudsman: Octagon Capital Corporation Refuses to Compensate Elderly Investor Client More Than $181,000 Lost Due to Unsuitable Investments
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.
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