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Craig Skauge, a Calgary-based exempt-market dealer, says the proposed $2,500 limit on offering memorandums is too low.
Craig Skauge, a Calgary-based exempt-market dealer, says the proposed $2,500 limit on offering memorandums is too low.
(Chris Bolin for The Globe and Mail)

Streetwise

Exempt market pushes for looser rules

Ontario’s securities watchdog is pondering new, less stringent rules for what is known as the exempt market, a buyer-beware corner of the financial world where dealers can sell securities to clients deemed wealthy and sophisticated enough to dispense with the usual disclosure before investing. But the plans are receiving mixed reviews.