Who is protecting investors?

"One person told the panel she'd invested 15 years' worth of savings in mutual funds through her bank. Within two years, she said, she'd lost $170,000, one third of her savings. After reaching a settlement with her bank, she was reimbursed the amount she paid in fees: $30,000.

Panel members repeatedly suggested investors contact one the regulatory groups represented at the meeting. Mr. Oliver noted the IDA can impose fines, and has imposed lifetime bans on 32 financial professionals. However, both he and Mr. Brown repeated several times that the OSC and IDA do not have the authority or mandate to get investors' money back...."