Support lacking for investor advocates

 

Investor advocacy in Canada is increasingly shifting in-house to the boards and advi­sory panels of the investment industry’s regulators. But stable and reliable funding for independent investor advocacy is badly needed, experts say.

Laura Tamblyn Watts, CEO of seniors’ advocacy group CanAge Inc. and an independent director of the Investment Industry Regulatory Organization of Canada’s (IIROC) board, says having consumer and investor advocates represented at the “highest level” of industry regulators helps promote “change from within” — but there’s “very limited support for change from without.”

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