Home Breadcrumb caret Industry News Breadcrumb caret Industry OBSI ‘names and shames’ 3 more firms OBSI has issued three more “name and shame” press releases identifying firms that have refused the ombudsman’s investor compensation recommendations. By Staff | April 30, 2015 | Last updated on April 30, 2015 1 min read OBSI has issued three more ‘name and shame’ press releases identifying firms that in separate cases have refused the ombudsman’s investor compensation recommendations. Sentinel Financial Management Corp. refused compensation recommendations amounting to $245,462 and $20,249. Details here. yourCFO refused a $139,000 compensation recommendation. Details here. GP Wealth Management Corporation refused a $25,455 compensation recommendation. Details here. “Since OBSI’s inception, the overwhelming majority of complaints brought to our organization have been successfully resolved,” a press release says. “Those complaints that end in refusals by firms to compensate their customers have historically been very rare: over 99% of the thousands of complaints brought to OBSI since our organization’s inception have been successfully resolved.” There were six refusals last year. Also read: OBSI defies common sense OBSI’s scorecard for 2014 OBSI hiring more investigators OBSI defends naming and shaming Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo