Posts Tagged “justice”
Shame on La Chambre Financiere for distorting the truth and misrepresenting the facts! Shame on La Chambre Financiere for exploiting the victims of fraud in order to justified its continued existence! Suzanne Legault is a victim of fraud. While battling cancer she entrusted her financial affairs to a licensed representative registered with the…
A potential court ruling allowing payments to increase on Variable Rate Mortgage as interest rates rise could lead to huge costs and even bankruptcy to consumers who have selected this type of mortgage. In an era of low interest rates, consumers were induced into buying homes they sometimes could not afford by being offered…
I am dedicating this text to Jim Ruta and friends who believe that the insurance industry does not need more and better regulations… LEARN ABOUT THE UNIVERSAL LIFE SCAM: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 Four advisors who broke the same law; four advisors who received totally different sanctions for the same infractions. The differences in the…
Mr. Louis Stephane Rousseau Manulife Re: My Innovision Policy 895xxxx Dear Mr. Rousseau: On May 2006, Manulife issued a life insurance policy called Innovision on my life, policy number 895XXXX on my life (Richard Proteau) where my obligations and rights are listed under the policy contract number 895XXXX. Under the…
The Thibault affair is leading to many questions which are now starting to surface. In a recent article we have seen La Presse in the article http://www.pressreader.com/canada/la-presse/20151015/282299614007747/TextView establishing a link between the actions of Thibault and the Bank of Montreal (previously AIG) and its president Peter MacCarthy. I have already established how Thibault…
Date: August 5, 2015 To: Canadian Institute of Actuaries Lynn Blackburn Director, Professional Practice and Volunteer Services CHLIA Frank Zinatelli, Vice President and General Counsel of the Canadian Life and Health Insurance Association From Richard Proteau Consumer Advocate Author: Unraveling the Universal Life Scam Reference: Formal Complaint in regards of…
FSCA has adopted a policy of Zero tolerance against breach of ethics. What is unique about this policy is that it does not target advisors. This policy target employees of insurance companies and employees of the provincial regulators. This is because we have come to the conclusion that breach of ethics are not…
In Canada, who is speaking for the low income Canadians? Who is speaking for example for the minimum wage employee stress fully working in a call center? Who is looking after their future? The answer is simple and it is no one. Low income Canadians have become a political nullity and through this political status…
Why do I believe FSCA is necessary? For the last few years as a consumer advocate I was involved in many cases which clearly demonstrate that some changes are needed. The compelling evidence in my possession made me believe this was going to be a “walk in the park.” However I was extremely surprised by…
The Quebec Effect illustrates the pitfall of a regulatory environment that is applied selectively to different individuals and organizations; a situation which is becoming a standard in the application of justice in Canada and particularly in Quebec. “Selective justice is a strong reality particularly in Quebec. Just today I listened to the news and…
