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You wouldn't risk your physical health without all the facts - you should want
the same for your financial health. But,
you don't have all the facts, because
your monthly statements don't show your annual rate of return.
Your investments could be doing poorly and you wouldn't even know it. You don't
have access to this critical information and as a result,
your investments
could be at
risk!
Although it was in the recommendations of an Ontario Securities Commission
(OSC) committee, the OSC does not require brokerage firms and banks to provide
you with basic yet important
Performance Measurement Statistics
on your investments; it is time to tell the OSC -
Show Me the Return!
It seems the excellent recommendations of the Fair
Dealing Model, sponsored by the OSC, may never be implemented. As a
result, the best opportunity for reform will likely come from the
recommendations put forward by the
Registration Reform Project, expected in the summer of 2006. Industry
participants, banks and brokerage firms will likely object to the recommended
changes, and unless the voice of the consumer is heard, these important changes
may never be implemented.
We want the OSC to require brokerage firms and banks to provide investors with
the important performance measurement statistics
they deserve and which they
need to make informed
decisions. This is the recommendation of the above committees. It is the
information necessary to ensure your investment performance is on track and
that you are receiving fair value for the fees you pay.
The voice of industry is being heard - what about yours?
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