Posts Tagged “Quebec”

Shame on La Chambre Financiere!!!

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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…

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AMF Life Insurance Exam Under Review…

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When I was managing the Manulife Independent Advisor Direct Channel in Quebec, I was contacted by a student who wanted to interview me. This student was enrolled into a college program called AEC Insurance and Financial Services that was supposed to prepare them in getting the knowledge and skills required to become a licensed representative….

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Quebec government under pressure not to allow fishing without the use a fishing guide…

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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…

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Did Options Consommateurs published a fake report?

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Note: Want to know everything about insurers. We will be providing the best info to the DIYer at insurers. Site is not completed yet but it provides a general idea of the content…   On December 1st, an organization named Options Consommateurs whose mission is supposed to be the protection of the consumers in Quebec…

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Four degrees of justice…

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  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…

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Has the Canadian Institute of Actuaries acted in the best interest of the public?

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  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…

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Why are Canadian insurers truly afraid of an organized life settlement market?

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http://www.amazon.ca/gp/product/B00PR35MEO?*Version*=1&*entries*=0   As I am writing my book “Regulated fraud”, I had to stop and rethink the development of my story because I realized something that was incredible. My work of fiction about fraud in the insurance industry committed by insurers had become a work of nonfiction. This was unbelievable. The plot of my story…

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Zero tolerance against breach of ethics

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    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…

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Commercial Union Heist: Did Manulife steal the commission of the advisors of this company?

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I was recently talking to a former advisor of Commercial Union who told me how his yearly commission of $ 7,500 went missing with the acquisition of Commercial Union by Manulife.   I was not surprised to learn of this having been involved in the Cormier case. Cormier was a former advisor of Commercial Union…

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Why consumer protection, representation and oversight are needed in the insurance industry?

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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…

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