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CANADA’S NEWS SOURCE FOR FINANCIAL PROFESSIONALS
SEPTEMBER 2020
20 PAGES
Task force proposes power boost
BY RUDY MEZZETTA
proposals from ontario’s
Capital Markets Modernization Taskforce would result in more money returned to retail inves- tors harmed by scams, frauds or negligence, investor advo- cates say.
The Ontario government established the five-member task force in February to under- take the first full review of
> TURN TO ONTARIO’S / PAGE 6 INVESTMENTS
Crypto trading for all?
BY JAMES LANGTON
a few years ago, crypto-
currency was largely viewed as the domain of techno-utopians, anarchists and criminals. But financial services regulators are slowly but surely charting a path to regulating mainstream crypto trading.
Last year, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) initiated efforts
> TURN TO WEALTHSIMPLE / PAGE 6
REGULATION
INSIDE
NEWS
PROTECTING INVESTORS
A task force has recommended beefing up investor protections in Ontario. PG. 1
TALES FROM THE CRYPTO
Regulation of mainstream cryptoasset trading is closer to reality. PG. 1
LONG ROAD AHEAD Improving diversity in the investment industry will take time. PG. 1
INDUSTRY STAYS AFLOAT The investment business has done well in turbulent times. PG. 8
NEWSMAKER Wes Hall is enlisting business leaders to combat systemic racism. PG. 9
BYB
STEADY AS SHE GOES Advisory firms are in no rush to get back to the office. PG. 12
A NEW STRATEGY Offering advisors the ability to work from home has become a recruitment strategy. PG. 13
DIGITAL ETIQUETTE Learn to network with industry peers at virtual conferences. PG. 14
PRODUCTS
ACCELERATING CHANGE Global e-commerce companies have benefited from the pandemic. PG. 17
INSIGHT
SAD STATE OF AFFAIRS A legal aid clinic isn’t enough to help harmed investors. PG. 18
A ROCKY RETURN
The WE Charity scandal will continue to plague the federal Liberals when Parliament resumes. PG. 18
FIGHTING RACISM
COURTESY KINGSDALE ADVISORS
Wes Hall, executive chairman of Kingsdale Advisors, launched an initiative that has business leaders across Canada pledging to fight anti-Black systemic racism. (See story on page 9.)
RACISM
Change won’t happen overnight
Improving diversity
in the investment industry will require a sustained effort
BY GREG DALGETTY
with public awareness of
anti-Black systemic racism seemingly at an all-time high, many people hope the invest- ment industry is on its way to becoming more racially diverse.
The killings of Ahmaud Arbery, Breonna Taylor and George Floyd earlier this year sparked Black Lives Matter
protests around the globe. Business leaders — including hundreds in Canada (see story on page 9) — now promise to appoint more Black people to senior leadership roles.
The urgency for change has spread to the investment industry
> TURN TO ELIMINATING / PAGE 4
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