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Remediation - Coggle Diagram
Remediation
Arbitration
neutral person decides what's fair
uses
faster + cheaper
smaller money problems = 500k
arbitrator decision = final decision
procedure
client has a problem
try to fix w/ firm
no luck = req arbitration
conditions
under 500k
arbitration brochure w info given to client
both parties agree toa arbi
Ethical Standards
what
everyone plays fair
no cheating
no lying
not tricking others to win
disbarred if
lying about prices
trick people into buying something
use secret info to trade
punishments
fined
suspended
fired
imprisonment
egs
lying about stock price
fake activity to raise or drop prices
sell or buy secretly
front running - trading personal before client
misleading clients
high pressure selling - pushing too hard to sell
breaking laws
damaging reputation
OBSI (Ombudsman for Banking Services & Investmetns)
more like a middle ground refreee
independent
companies do not always bind to OBSI's decisions
so OBSI can publicaly report them in the market
National Do Not Call List
people who don't want to be called for investment apply to NDNCL
IA are telemarketers
must check DNCL before calling
wait at least 31 days when someone new joins
dont call unless exempted
Canadian Radio-television and Telecommunications Commission made the rule