TORONTO, July 3, 2012 /CNW/ - The Ontario Securities Commission (OSC)
has allocated $1 million of money collected from monetary sanctions and
settlements to FAIR Canada, a national non-profit organization
dedicated to advancing investor interests.
"Constructive input from investors is encouraged in the development of
regulatory policy," said Mary Condon, Vice-Chair of the OSC. "FAIR
Canada plays an important role in advancing the interests of retail
investors and promoting investor protection. The OSC is pleased to
provide funding for FAIR Canada's ongoing work."
The money will assist in funding the operations of FAIR Canada and will
be paid in two instalments of $500,000 over a two-year period.
The OSC administers and enforces securities legislation in the province
of Ontario. The OSC's statutory mandate is to provide protection to
investors from unfair, improper or fraudulent practices and to foster
fair and efficient capital markets and confidence in capital markets.
SOURCE Ontario Securities Commission
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