The Following is the writing of Mr. Larry Elford a former Financial Advisor who has been working tirelessly to expose the type of Frauds our Government Officials and the Banking industry have been perpetrating on Canadians. You can follow him on Facebook https://www.facebook.com/groups/albertafraud/
ALLOWING FAKE "ADVISORS" TO PICK YOUR POCKETS
Posted on June 14, 2016, Larry Elford
THIRD WORLD SECURITIES COMMISSIONS
The Toronto Star did a great investigative piece a year or more back, about the self-regulating nature of the Ontario Law Society, where criminal code violations were not referred to proper authorities, supposedly to protect the status and reputation of the law society, or the legal profession.
Research to date has shown that in Canada, it is 99.85% likely that the person posing themselves to you as a professional investment advisor is not in possession of the adviser license, the agency duty protective responsibility and loyalty) or the registration that this name, and their advertising promises.
A financial coach recently pointed out to me that “affinity fraud”, preying upon members of one's church or social club etc., works since it “reduces or eliminates the natural level of distrust that people have for strangers.
“Advisor fraud” works in a similar manner. The Canadian public is deceived about the status and professional standing of the financial advisors in their communities. This deception lowers the level of natural distrust one usually has when dealing with commissioned sales people.
The pay, the selection process, the facade of a “professional” system pulls the wool over the eyes of nearly all Canadians, investors and consumers alike, and allows this industry to present tens of thousands of commission salespersons, as trusted advice giving professionals.
Please call your member of the legislature, and ask them why we allow the strongest financial institutions in the world to lie to the public, about matters as simple as how they are licensed, and who they owe a duty to protect towards. Right now they are advertising like they are Doctors and behaving like unlicensed used car salespeople.