Pro Bono Legal Clinic Backs Wronged Investors

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If an investor believes he has suffered a financial loss as a result of someone else’s wrongdoing but can’t afford a lawyer, where should he turn?

This is not a riddle.

It is, however, a question that has gone largely unanswered in the financial industry. Of course, investors can turn to regulators and industry ombudsmen — but the failure of those organizations to provide adequate investor redress is a recurrent issue. (Note that investors in Quebec have more options via the AMF than those in other provinces, and that the MFDA offers an investor protection corporation for all provinces except Quebec.)