MGI Securities is committed to our core values: ‘The Value of Knowledge, Integrity and Commitment’. MGI Securities takes all client complaints seriously. MGI Securities has adopted the following procedures to enhance our open and honest review process for client complaints.
How does a client make a complaint?
A client has several options when making a complaint. Firstly, a client should contact their Investment Advisor to resolve any concerns that they may have. Alternatively, the client may wish to contact the Branch Manager of their local MGI Securities office: they may also contact the Compliance department in our Toronto Head Office. Complaints may be verbal or in writing.
What will MGI Securities do once they have received a client complaint?
MGI Securities will respond to all client complaints in writing. The letter to the client will include the contact information for the compliance department staff member who will be conducting the investigation and the client will also be advised as to the maximum time that the investigation may take. This will allow the client to follow the investigation and provide any information that they feel is relevant. Our compliance staff may also request additional information from the client to be able to conduct the investigation.
The client will receive a copy of ‘An Investor’s Guide to Making a Complaint’ brochure. This brochure will provide you with information on how to make a complaint to an IIROC Member firm and the other options that are available to the client.
How will MGI Securities investigate a client complaint?
All client complaints are investigated by the compliance department. Information is collected with assistance from our Branch Managers, the staff member involved, the client, as well as from other sources deemed necessary.
How will the client be informed of the results of the investigation?
At the conclusion of the investigation, compliance will forward the client a letter outlining the following:
A summary of the complaint
The results of the investigation
MGI Securities decision as to the results of the investigation
A statement describing what options are available to the client if they are not satisfied with the results of the investigation
MGI Securities Designated Complaints Officer
MGI Securities has designated our Chief Compliance Officer as our Designated Complaints Officer, who is responsible for the oversight of the customer complaint handling process. If you have any questions or comments about our complaint handling process, please contact our Designated Complaints Officer at our Head Office in Toronto at (416) 864-6477.
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Client Relationship Disclosure
MGI Securities is a
Member of the Canadian Investor Protection Fund
. © 2013