In this episode, we start by learning about the complex relationship between recessions and stock returns before welcoming Huston Loke and Jordan Solway from the Financial Services Regulatory Authority (FSRA) to discuss protecting consumers in the financial investment space. Huston is the Executive Vice President of Market Conduct, and Jordan is the Executive Vice President of Legal and Enforcement at FSRA. The FSRA supervises insurance companies, mortgage brokers, credit unions, pensions and other non-securities areas of the financial services sector. We discuss the objectives of the FSRA, their approach to protecting consumers, enforcement strategies, upcoming regulations, and more. Then, we welcome back Mark McGrath to learn about the Passive Investment Grind (PIG) concept for this week's Mark to Market segment, and we take a look back at a previous episode with Ted Seides of Capital Allocators. Finally, we are joined by author Tim Hale to discuss the new edition of his book Smarter Investing before closing off with our usual after-show roundup. Tune in now! Timestamps: 0:00:00 Intro 0:03:44 Main Topic 1: Recessions and Stock Returns 0:15:49 Main Topic 2: FSRA 1:07:58 Mark to Market 1:18:40 Episode 61: 60 Seconds 1:23:11 Book Review w/ Special Guest Tim Hale 1:41:32 Aftershow Join Our Live Events: Paying it Forward to Yourself: Compensation strategies for Canadian Business Owners - https://us06web.zoom.us/webinar/register/1517000820593/WN_35_OSP3XT9Gabu6KjIT4Tg Investing 101: Financial Literacy Month Webinar - https://us06web.zoom.us/webinar/register/2417000820935/WN_snfu-ZhzQKeB6CZSw1yHuA Links From Today’s Episode: ‘Should my investment strategy change during a recession?’ — https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-investing-strategy-during-a-recession/ C.D. Howe Institute Business Cycle Council — https://www.cdhowe.org/council/business-cycle-council Episode 171: Prof. Campbell R. Harvey — https://rationalreminder.ca/podcast/171 ‘Conditional Skewness in Asset Pricing Tests’ — https://www.jstor.org/stable/222452 ‘… and the Cross-Section of Expected Returns’ — https://faculty.fuqua.duke.edu/~charvey/Research/Published_Papers/P118_and_the_cross.PDF Huston Loke — https://www.fsrao.ca/about-fsra/leadership/huston-loke Huston Loke on LinkedIn — https://www.linkedin.com/in/hloke/ Jordan Solway — https://www.fsrao.ca/about-fsra/leadership/jordan-solway Jordan Solway on LinkedIn — https://www.linkedin.com/in/jordan-solway-4a261314/ Financial Services Regulatory Authority of Ontario (FSRA) — https://www.fsrao.ca/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://twitter.com/MarkMcGrathCFP Mark McGrath on Calendly — https://calendly.com/mark_mcgrath/ Episode 61: Ted Seides — https://rationalreminder.ca/podcast/61 Ted Seides on LinkedIn — https://www.linkedin.com/in/tedseides Ted Seides on Twitter — https://twitter.com/tseides Capital Allocators — https://www.capitalallocators.com/ Tim Hale on LinkedIn — https://www.linkedin.com/in/tim-hale-4b67ba24/ Smarter Investing — https://www.amazon.com/Smarter-Investing-Simpler-Decisions-Results/dp/0273722077 Albion Strategic Consulting — https://albionstrategic.com/ Winning the Loser's Game – https://www.amazon.com/Winning-Losers-Game-Seventh-Strategies/dp/1259838048 Life on Our Planet — https://www.imdb.com/title/tt23181388/ Same as Ever — https://www.amazon.com/Same-Ever-Guide-Never-Changes/dp/0593332709/ The Behavioral Divide Podcast — https://podcasts.apple.com/us/podcast/the-behavioral-divide-with-hal-hershfield/id1713168854 Tightwads and Spendthrifts — https://www.amazon.com/Tightwads-Spendthrifts-Navigating-Minefield-Relationships/dp/1250280079 Clear Thinking — https://www.amazon.com/Clear-Thinking-Turning-Ordinary-Extraordinary/dp/0593086112 Strangers in Paradise — https://www.amazon.com/Strangers-Paradise-Families-Wealth-Generations/dp/0615894356/ Wealth 3.0 — https://www.amazon.com/Wealth-3-0-Future-Family-Advising/dp/B0C9SHFSGM Episode 278: Juhani Linnainmaa — https://rationalreminder.ca/podcast/278 Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/