In financial markets, asymmetric information exists whenever one party of any transaction has information not possessed by the other party. Financial market is inefficient when profit opportunities could be exploited by those who have information advantage. That is why financial markets must beregulated by government agencies and regulatory authorities. Please read the news article and feel free to write some comments . Who is responsibleto ensure the market to conduct federal regulation in Canada? If your organization is offered a " privilege" investment opportunity by high profile people, what's your next step