Collection, Use and Disclosure of Personal Information
The purpose for which Worldsource Financial Management Inc. (“Worldsource”) will
collect, use and disclose your personal information is central to our providing you with
our services. We believe that we cannot continue to provide you with those services
if you object to our collecting, using and disclosing your information for those
purposes. Worldsource will therefore consider that your continuing to maintain your
account with us constitutes your consent to our continuing to collect, use and disclose
your personal information as described above. In future, if Worldsource identifies a
new purpose for collecting, using or disclosing your information, we will seek your
consent before doing so.
The Necessity for Personal Information
Throughout the course of our relationship with you, Worldsource and your advisor (on
our behalf) collect personal information from you. This information typically includes
“know your client” information about your personal circumstances, including your
financial situation and your investment objectives, as well as information about your
investments, banking information and social insurance number.
Worldsource uses such personal information only for the purposes of administering
your account with us (including but not limited to buying and selling mutual funds on
your behalf, and reporting to you), and complying with legal and regulatory
Disclosing Personal Information
We may provide information to companies that perform services on our behalf (such
as preparing and mailing statements or processing trades and payments). We may
also provide personal information to mutual fund issuers in which you invest, and
receive information from them about your investments.
Worldsource is a member of several self-regulatory organizations, such as the Mutual
Fund Dealers Association of Canada, who may at times require access to personal
information for regulatory purposes (such as trading surveillance, regulatory audits,
investigation of potential violations, enforcement or disciplinary proceedings and
regulatory reporting). Such organizations may in turn share such information with
other self-regulatory organizations (such as the Ontario Securities Commission and
other provincial regulatory bodies), stock exchanges and law enforcement agencies.
Worldsource does not disclose your information to any other organizations to
use for their own purposes, and in particular never sells or trades your
Administering Personal Information
In representing us, your advisor is acting on our behalf. Many of our advisors are
also licensed to sell other products, and may wish to provide advice and services to
you in that capacity. If they do so, they are not acting on our behalf, and they will
communicate with you themselves with respect to any other use or disclosure of the
personal information they have collected on our behalf.
In the Province of Quebec, for the “object” of administering your account and
complying with legal and regulatory requirements, Worldsource creates a file
containing your personal information. Only those employees whose job functions
involve matters related to the “object” of the file will have access to this information.
If you wish to review or make changes to your file, you may do so by making a written
request to 625 Cochrane Dr., Suite 700, Markham, Ontario, L3R 9R9.
If you have any comments, inquiries or complaints about our handling of your
personal information, we encourage you to contact your advisor at his/her branch
office. Alternatively, you may contact our Privacy Officer at:
Worldsource Financial Management Inc.
625 Cochrane Dr., Suite 700
Markham, Ontario L3R
9R9 Fax: (905) 415-0184