News & Events

News Release

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

July 3, 2012


Ontario Securities Commission Provides Funding to
the Canadian Foundation for the Advancement of Investor Rights (FAIR Canada)


TORONTO – The Ontario Securities Commission (OSC) has allocated $1 million of money collected from monetary sanctions and settlements to FAIR Canada, a national non-profit organization dedicated to advancing investor interests.

“Constructive input from investors is encouraged in the development of regulatory policy,” said Mary Condon, Vice-Chair of the OSC. “FAIR Canada plays an important role in advancing the interests of retail investors and promoting investor protection. The OSC is pleased to provide funding for FAIR Canada’s ongoing work.”

The money will assist in funding the operations of FAIR Canada and will be paid in two instalments of $500,000 over a two-year period.

The OSC administers and enforces securities legislation in the province of Ontario. The OSC’s statutory mandate is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets.


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For Media Inquiries: media_inquiries@osc.gov.on.ca     Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Dylan Rae
Media Relations Specialist
416-595-8934

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For Investor Inquiries:     OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)