OSC commissioner uses decision to air his views on regrettable absence of national regulator

Alan Lenczner was quoted in the Toronto Star article OSC commissioner uses decision to air his views on regrettable absence of national regulator on December 16, 2016.

“This multiplication of effort, although necessary to protect the investing public and to enhance the integrity of the capital markets, is inefficient, a waste of resources and costs unnecessary monies,” Lenczner wrote in the decision that was completely unrelated to the longstanding effort to create a national securities watchdog for Canada.

“Regrettably,” he wrote, “Canada does not have one securities act with pan-Canadian jurisdiction.”