Posts Tagged “law”
May 28th, 2018 We would like to thank CCIR and CISRO for inviting FSCA in commenting on the Draft Guidance for the fair treatment of consumers as part of the public consultation on this subject. The Financial Services Consumer Alliance (FSCA) is an informal alliance of consumers whose sole objective is to…
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…
In the National Assembly, Quebec Minister of Parks, Wildlife and Forest Luc Blanchette stood during question period stating that “ providing fishing advice should not be an exclusive activity and to pretend that only fishing guides be allowed to provide fishing advice is too restrictive.” This was in response to the fishing industry’s uproar…
by Richard Proteau (Author Unraveling the Universal Life Scam and Financial Mobile Application Designer) Few people in Canada are following the introduction of Bill n°141 in Quebec: An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions. This is a…
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 following text is the first part of an example of a legal action (whether it is an individual action or a class action) in regards to the sale of an insurance product called Universal Life. The goal is to increase the chances that such actions succeed against an insurer by giving access to…
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…
As part of our zero tolerance policy towards breach of ethics or law, we have send this legal notice to Assomption Vie Mrs Plourde, We have been informed of your statement made on the Finance-Investissement web site as to your company position in regards to life settlements. On behalf of your…
