Posted on 22/06/04
Mutual fund abuse in Canada needs prompt action
After a series of mutual fund scandals broke last year in the United States, the main message from the Canadian industry was that things were different here. We had better safeguards, and investors were better protected against abuse. Back in December -- as U.S. regulators seemed to be exposing wrongdoing daily -- industry spokesman Tom Hockin said Canadians "should be encouraged by the differences in the systems, procedures and structure of our markets."
The full text of this article has 860 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
