
"EMDs are exempt market securities dealers registered under provincial securities legislation in one or more jurisdictions in Canada. The regulatory framework for EMDs is set out in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations which applies in every jurisdiction across Canada."
PCMA

"In addition, when you consider investing your hard earned money into any type of product, Exempt Market or public, it is essential to follow diversification, asset allocation, and suitability principles tailored to your personal situation."
Exempt Market Education
http://www.exempteducation.ca/