OBSI is Canada’s trusted independent dispute resolution service for consumers and small businesses with a complaint they cant resolve with their banking services or investment firm. As a free alternative to the legal system, we work informally and confidentially to find fair outcomes to disputes about banking and investment products and services.
OBSI looks into complaints about most banking and investment matters including: mutual funds; bonds and GICs; stocks, exchange traded funds, income trusts and other securities; investment advice; unauthorized trading; fraud; debit and credit cards; mortgages; loans and credit; fees and rates; transaction errors; misrepresentation; and accounts sent to collections. Where a complaint has merit, OBSI may recommend compensation up to a maximum of $350,000.
OBSI’s staff consists of qualified professionals from the financial services, law, accounting, dispute resolution and regulatory compliance fields.
Current participating firms include:
-Investment Industry Regulatory Organization of Canada (IIROC) member firms
-Mutual Fund Dealers Association of Canada (MFDA) member firms
-Mutual fund companies
-Exempt market dealers
-Portfolio managers
-Scholarship plan dealers
-Forex trading services
-Domestic and foreign-owned banks
-Credit unions
-Federal trust and loan companies and other deposit-taking organizations
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Frequently asked questions
When was OBSI - Ombudsman for Banking Services and Investments founded?
OBSI - Ombudsman for Banking Services and Investments was founded in 1996.
What industry is OBSI - Ombudsman for Banking Services and Investments in?
OBSI - Ombudsman for Banking Services and Investments operates in Financial Services. Find similar Financial Services investors on gritt.io.
Where is OBSI - Ombudsman for Banking Services and Investments based?
OBSI - Ombudsman for Banking Services and Investments is headquartered in Toronto, Canada.
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