Investors
Panel Members
The Investor Advisory Panel consists of seven members, including the Panel Chair. Each member of the Panel has been appointed for a two-year term.
Anita Anand, ChairNancy Averill
Paul Bates
Stan Buell
Lincoln Caylor
Steven Garmaise
Michael Wissell
Anita Anand
Chair
Anita Anand is a leading academic in the area of securities law. She is an Associate Professor and past Associate Dean (JD Programme) at the University of Toronto Faculty of Law where she teaches securities regulation and corporate law.
Ms. Anand has authored or co-authored articles, book chapters, casebooks and reports on topics related to securities regulation. She is co-author of Securities Law in Canada: Cases and Commentary and Securities Law: Cases, Notes and Materials. She was a staff contributor to the Five Year Review Committee Final Report: Reviewing the Securities Act (Ontario). She also conducted research for the Wise Persons’ Committee, a federal committee that examined the securities regulatory regime in Canada, and for the Task Force to Modernize Securities Legislation.
Ms. Anand is the Editor of Canadian Law eJournal and the President of the Canadian Law and Economics Association.
Nancy Averill
Nancy Averill brings extensive research and public policy expertise in advancing the financial well-being of Canadians. She is currently a member of the board of directors of the First Nations Statistical Institute, a federal Crown corporation created to support First Nations’ economic development. Prior to this position, she was Director of Research and Methodology for the Public Policy Forum, where she focused on shareholder activism and public policy.
She has also acted as policy advisor and researcher with federal organizations such as The National Round Table on the Environment and Economy, and The National Advisory Board on Science and Technology. She is the author of numerous publications relating to public policy.
Ms. Averill holds the ICD.D designation. She is a member of the Métis Nation of Ontario and is a full-time community volunteer. She resides in Ottawa, Ontario.
Paul Bates
As an academic and former senior executive in the financial services industry, Paul Bates has extensive knowledge of the capital markets and securities regulation. He is currently Dean and Industry Professor in Financial Management Services at the DeGroote School of Business, McMaster University. Prior to this position, he had an extensive career as CEO and other senior positions at several investment dealers.
A former Commissioner to the Ontario Securities Commission, Mr. Bates brings a strong understanding of rule and policy development. He also brings in-depth knowledge of investor issues from his role as Chair of the Investor Education Fund, a non-profit organization established by the Ontario Securities Commission.
Mr. Bates has also served as Governor of the Toronto Stock Exchange and as a director of Regulation Services Inc.
Stan Buell
An individual investor and leading investor advocate, Stan Buell has acted on behalf of small investors for more than a decade. He is the founder and President of the Small Investor Protection Association (SIPA), a national non-profit organization with over 600 members.
Mr. Buell regularly participates in seminars and conferences, and has led SIPA in making numerous submissions and presentations to regulators and government agencies. He represented SIPA as a panel member at the OSC Investor Town Hall Meeting in 2005 and more recently, in its submission to the Expert Panel on Securities Regulation.
Lincoln Caylor
As a commercial litigator with Bennett Jones LLP, Lincoln Caylor has significant advocacy and investigative experience acting for victims of securities and investment fraud. His practice deals with issues involving all aspects of fraud, errors and omissions claims, securities litigation, commercial arbitration and contractual disputes. He frequently lectures on fraud recovery to police, corporate security and other fraud investigators, and has authored a number of fraud-related publications.
Mr. Caylor is a member of the board of the Macdonald Laurier Institute, a non-partisan think tank based in Ottawa that proposes public policy alternatives through independent research and commentary.
Steven Garmaise
Steven Garmaise is an independent investor advocate and analyst. As Associate Director of the Canadian Foundation for Advancement of Investment Rights, he contributed to submissions to government and regulators and conducted research on financial literacy, fixed income markets, money market funds, specialty investment products and other topics. He brings almost 30 years of experience in capital markets as an analyst and director of research at several investment dealers in Canada and the U.S.
Mr. Garmaise holds the Chartered Financial Analyst designation and has extensive experience on the board of directors of the Toronto Public Library Foundation, Tarragon Theatre and Jewish Immigrant Aid Services Toronto.
Michael Wissell
Michael Wissell has more than 20 years of comprehensive experience in the capital markets, both on the buy side as an institutional investor and on the sell side in the capital markets group at a Canadian securities dealer. In his current role as Senior Vice President with the Ontario Teachers’ Pension Plan, he manages the Plan’s Tactical Asset Allocation investment department and is responsible for equity execution and beta management in addition to commodity and foreign exchange trading. The Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada and administers the pensions of over 289,000 active and retired teachers in Ontario. Prior to this position, Mr. Wissell held positions at Toronto Dominion Bank and TD Securities in the areas of foreign exchange and short-term interest rates.
Mr. Wissell holds the Chartered Financial Analyst and ICD.D designations and serves on the board of directors of several private corporations.
