Know your investment

Investor Watch: Ombudsman for Banking Services and Investments issues advisory to asset backed commercial paper investors

April 9, 2008

On April 04, 2008, the Ombudsman for Banking Services and Investments new window  (OBSI) issued an advisory to investors. The advisory provides guidance to investors wanting to file a complaint with the OBSI about asset backed commercial paper investments (ABCP).

Link to the advisory:   OBSI advisory to ABCP Investors new window
 
For background information about the ABCP issue, also known as the subprime mortgage crisis, check out the BC Securities Commission's  Investor Watch: Subprime Mortgage Crisis.

The BCSC is the independent provincial government agency responsible for regulating trading in securities within the province. If you have questions, contact Ken Gracey, Media Relations, 604-899-6577.