{"id":19149,"date":"2012-07-06T20:45:23","date_gmt":"2012-07-07T00:45:23","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=19149"},"modified":"2012-07-06T20:45:23","modified_gmt":"2012-07-07T00:45:23","slug":"fair-canada-another-suckle-at-the-public-tit","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=19149","title":{"rendered":"FAIR Canada: Another Suckle at the Public Tit"},"content":{"rendered":"

Fair Canada has announced<\/a>:<\/p>\n

FAIR Canada will be receiving funding from the Ontario Securities Commission (the OSC) and the Investment Industry Regulatory Organization of Canada (IIROC). The OSC has committed to funding FAIR Canada in the amount of $500,000 per year for a two-year period. IIROC will be contributing $350,000 per year over two years. The funds come from money collected by the regulators from monetary sanctions and settlements.<\/p>\n

\u201cOn behalf of staff and the Board of Directors of FAIR Canada, I want to express my appreciation and gratitude to the OSC and IIROC for making use of their enforcement\/restricted funds to finance our work representing the interests of investors and consumers of financial services,\u201d said Ermanno Pascutto, Executive Director of FAIR Canada. \u201cThere is very little funding available for consumer groups in Canada and the use of these funds for this purpose will benefit both the investing public and the Canadian financial markets.\u201d<\/p><\/blockquote>\n

The funding will also benefit Ermanno Pascutto<\/a>, a former Executive Director and head of staff of the Ontario Securities Commission (OSC) in the 1980\u2032s, but that part’s played down. Other staff members are <\/p>\n