Home Breadcrumb caret Industry News Breadcrumb caret Industry How to rescue the Venture Exchange: IIAC This plight of small dealers has coincided with the collapse of the public venture market, says Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC), in his latest industry letter. By Staff | January 14, 2016 | Last updated on January 14, 2016 1 min read Boutique dealers have been feeling the heat thanks to the unprecedented rise in operating costs over the past few years. The plight of small dealers has coincided with the collapse of the public venture market, says Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC), in his latest industry letter. Russell argues that the Venture Exchange will “collapse into insignificance unless remedial action is taken in fairly short order.” He makes the following recommendations: 1. Regulators should dispense with the “crowd-funding” initiative. The TSXV is a far more effective vehicle for raising capital than crowd-funding, and provides far better protection for investors. 2. Regulators should work with the TSXV to reduce and streamline administrative and regulatory costs for small listed companies, and assist in initiatives to attract capital to the Venture Exchange. 3. Regulators should continue efforts to improve and harmonize prospectus exemptions. Read more here. Also read: Industry leaders expect weaker economic conditions: IIAC IIAC comments on CCMR Regulators’ bond transparency proposal flawed: IIAC Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo