Canadian National Securities Regulatory System sign now

In light of current market conditions this petition is being presented to convey to those in authority that the failure of the current regulatory system in Canada to aggressively pursue securities enforcement, has likely contributed to the current financial crisis.

Recent discussion by Canadian politicians of creating a unified and central National Securities Regulatory System in Canada, while honorable, is simply not enough to address the systemic issues that are present within this organization. Discussion does however clearly indicate that the Canadian government has at least begun to acknowledge a problem exists. Simple creation of a central regulatory system in Canada will not begin to adequately address the underlying factors that have contributed to the current dysfunctional system. This would simply bring those responsible for the current ineffective system to a central location where they could continue to create the growing belief that Canada is a good country for crooks and thieves to do business. Considering Canadas abysmal track record in bringing white collar corporate criminals to justice it is quite apparent that more has to be done to protect investors from unfair, improper and fraudulent practices in the market place. Any changes to the current system should include:

- The resignation and replacement of current regulators with new appointees. Appointees who are barren of any and all conflicts of interests arising from previous employment or connections with those in positions of power within the financial industry. This would enable regulators to strive towards fulfilling stated mandates without bias or conflict. Reluctance to bring friends and former colleagues to justice is possibly one key factor in Canadas dismal record of aggressively pursuing white collar corporate criminals. When comparing Canada and the United States for example, statistics show that between 2002 and 2007 the US Securities Commission had convicted 1236 corporate criminals while the RCMP in Canada have only convicted 2.
- The regulatory system in Canada should be a transparent agency that provides clear avenues of accountability for the public. The current Government has the authority and the obligation to act in the best interests of the Canadian Public and should take immediate steps to restructure the Canadian regulatory system. Those that indulge in unfair, improper and fraudulent practices need to be aggressively pursued, with higher fines and increased penalties put in place for those who contravene regulations.
- A system created whereby politicians and regulators can be held accountable when blatant lack of securities enforcement occurs.

This petition will be presented to Stephen Harper, Prime Minister of Canada, opposition parties, the Canadian Broadcasting Corporation, ombudsmans offices as well as members of parliament when completed.

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Latest Signatures

  • 03 January 2016300. Stuart S
    I support this petition
  • 02 January 2016299. Ryan K
    I support this petition
  • 18 October 2015298. Mark L
    I support this petition
  • 13 October 2015297. Boris G
    I support this petition
  • 04 October 2015296. Fred B
    I support this petition
  • 14 September 2015295. Dan P
    It is time to end this gong show. This is criminal activity.
  • 01 September 2015294. Ron L
    I support this petition
  • 03 August 2015293. Lorne Le
    I support this petition
  • 01 August 2015292. Ron S
    long overdue!!!
  • 18 July 2015291. Jeremy P
    I support this petition
  • 29 June 2015290. Garry L
    As an investor in Canada I firmly believe part of the collapse of the TSX. Venture stock market has been caused by hedge funds having the ability to "short" and "naked short" penny stocks. These small companies are the victims of corrupt trading and many
  • 09 May 2015289. George A
    I support this petition
  • 22 April 2015288. Claude F
    I support this petition
  • 22 April 2015287. Donald B
    I support this petition
  • 16 April 2015286. Archie M
    The fundamental right of investors to be protected in Canada from unscrupulous predators disguised as money managers should be investigated and exposed for what it is, unethical and wrong. Some practices such as 'naked shorting' is illegal yet remains unc
  • 09 April 2015285. Tony K
    I support this petition
  • 25 March 2015284. Gilles T
    I support this petition
  • 14 March 2015283. Brian T
    Shorting of Jr Companys should be stopped
  • 26 February 2015282. Phil M
    I support this petition
  • 05 February 2015281. Phyllis Mc
    I support this petition
  • 12 January 2015280. Maureen O
    I support this petition
  • 30 December 2014279. Eric Q
    I support this petition
  • 10 October 2014278. Michael L
    I support this petition
  • 10 September 2014277. Manfred S
    I support this petition
  • 25 August 2014276. Dale R
    How can the OSC justify their jobs at this rate of investigative work- SHAMEFULL
  • 25 July 2014275. Bodo M
  • 28 June 2014274. J T
    The inadequacy/short-comings of the regulations leave the stocks I own vunerable to manipulation. Time to change the regulations. Thankyou.

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Neva JohnsonBy:
Petition target:
Canadian Politicians


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