Will leaders heed the SIPA Report?

The SIPA Report was prepared during 2003 and 2004 based upon anecdotal evidence recieved by SIPA since its founding in 1998. The report is entitled "The Small Investors' Perspective of Investor Protection in Canada". It was delivered on February 27, 2004 to 25 of Canada's leaders across Canada including the Prime Minister, the Premiers of our provinces and certain other leaders. It was featured in a Globe and Mail article by Rob Carrick at the time, and has received further distribution since then. It is available on the SIPA website at www.sipa.to.
The Report outlines the problems small investors encounter when dealing with the investment industry, and includes the voices of over 60 small investors as well as several industry representatives. The purpose of the report is to make readers aware of how the widespread industry practices of wrongdoing are victimizing small investors, and how the current regulatory system is incapable of dealing fairly with small investors. Self regulation and industry sponsored dispute resolution result in many seniors and unsophisticated investors losing their savings without hope of recovery.
The public is generally not aware of the magnitude of this problem until it happens to them.