EMDA Director discusses hot topics
in the EMDA LinkedIn Group
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Leslie Wood, Ontario
The exempt market has been evolving for years, the public deserves this
opportunity to invest and they have a right to be confident about the markets
and any structural changes that take place in it.
The investment world is complex and in order to manage complexity a strong
compliance function is key – key to the firms and their reputation, and key to
As the OSC has already conducted a suitability sweep of portfolio managers
and exempt market dealers, and has just released their findings we should be
ready to address the findings head on.
Small dealers have been ‘complianced to death’ and at a high cost that drove
some out of business. I suggest EMDs hire some internal compliance staff for
their everyday needs and support them with outside experienced consultants
to come in and lay the groundwork in the areas the OSC will highlight.
“Setting the rules of the game” as the OSC says, including registration,
enforcement, compliance and oversight are as relevant and important as ever
to fostering capital raising and investor protection.
Sean Byrne, British Columbia
Connected + Compliance = Peace of
Mind. There are new tools and supports
available in the exempt market in Canada
to help with these regulations. Like
Howard Weston said “we cannot do this
alone” ask us how at www.1to1Real.com.
What do you see as the future of the Exempt Market in Canada?
Tell us what you think about regulation in the private market. At the
EMDA 2013 Annual Conference, Howard Weston, Chairman of the OSC,
delivered an insightful speech explaining the role of regulation in the
exempt market industry.
What do you think? Is there too much regulation? Do investors need