Letter From The Editor | Issue 7
By: Cora Pettipas
As the days get shorter, and the weather gets noticeably colder, this is a very good time of year for reflection. As DRs renew their registrations and EMDs and Issuers focus on their strategic plans for the upcoming year, it is also beneficial to contemplate where we are going as an industry, and what NEMA can do to assist with these goals.
We have already come a long way as an industry. Our progress can be credited to our members and their efforts. We have some of the most brilliant financial and entrepreneurial people in Canada as members; and we have been able to do great work towards the betterment of this industry through efforts from our board of directors, individual members, and the work of our committees. Our committees have member volunteers that work on various issues and projects in our industry.
Our Education Committee has recently built an education website, exempteducation.ca, and has been working with the Canadian Securities Institute to bring more quality and timely information about the Exempt Market to proficiency courses.
Our CCO Committee shares best practises, training, and provides access to government and legal experts for CCOs, of both Issuers and EMDs. It also provides a casual forum where CCOs can discuss practices and procedures with experts and each other. We would like to thank Kathleen Black for founding and chairing the committee in its first year.
The Due Diligence Committee, co-chaired by Mike Wellwood and Scotty Grubb, is our biggest committee, with eight sub-committees. Its mandate is to create efficient and standardized best practises for the Due Diligence processes for Issuers and EMDs.
Our newest committee, the Advisor Committee will be co-chaired by Darris Cameron and Yvonne Martin Morrison. Congratulations to them on this initiative. The committee will address issues specifically affecting our DRs, including E&O insurance, compensation to a corporation and best practises for proficiency.
Our members are our lifeblood, and their support and participation are the key reason for NEMA’s success in such a short time. We are here because of them and to serve them. We welcome the 138 new members who joined in 2013. All our members can be viewed on our website, nemaonline.ca. We have overwhelming positive feedback on the Exempt Edge, which is directly attributed to our engaged and talented members who contribute with articles and ads.
NEMA has participated in several conferences this quarter, to help educate people about our industry. Industry events are really enjoyable and intellectually nourishing, because we get to hear great ideas and discussions. WAISC Vancouver took place November 7, and was a great success, with 250 industry people attending this inaugural event. The feedback from our members was positive, and we look forward to the WAISC events next year.
NEMA also attended the Moneytalks and Independent Financial Brokers events in Calgary. Moneytalks was a great event with Mike Campbell, and 400 investors in attendance (which was no small feat as it landed on the day of Calgary’s first snow storm). I would also like to thank Director Marcin Drozdz for speaking at the event on behalf of NEMA. NEMA is looking forward to the next Moneytalks event that features the Exempt Market, in Vancouver on January 31, 2014. Our President and Founder, Craig Skauge will be opening the Exempt Market portion of the event to an anticipated 1,200 investors.
The IFB conference was well structured and attended by Advisors outside the Exempt Market. I would like to thank member Darris Cameron for volunteering his time and talents to NEMA for the IFB event in Calgary. NEMA looks forward to participating next year, and Craig Skauge will speak at the spring and fall IFB events.
2014 – The Year of the Exempt Market
With pending retail friendly changes to the Exempt Market in Canada’s largest capital market, Ontario, in addition to the continued momentum from the groundwork laid in 2013 by our organization and our members, 2014 looks to be a very prosperous year for our industry. We have got positive momentum and do not intend on letting it go. We cannot thank you enough for your faith in us and all you have done this past year. We look forward to continuing to work alongside you in the evolution of the Exempt Market in what should prove to be our best year yet as both an industry and an organization. As always, keep in touch, as NEMA is your voice, your industry, your future.