Last year, OBSI completed 169 investigations, 65 in banking services and 104 in investments. But it was contacted 11,000 times during that same time period. OBSI also refuses to disclose the average amount of compensation it recommends - as well as how many cents on the dollar investors normally receive.
Critics like Kyle have long called for the creation of an independent adjudicative body or tribunal - a sort of court system for investors. It's a view that is shared by federal Finance Minister Jim Flaherty, who strongly agrees it's time to overhaul the current system.
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080425/WFIVE_going_for_broke_080424/20080426?hub=WFive
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