If you’re selling in the exempt market, you’re offering a service as well as a product. Focus on client needs, as well as product suitability.
There has been quite a fuss over the decision by the British Columbia Securities Commission’s (BCSC) decision to censure the Mutual Fund Dealers Association (MFDA) for its proxy solicitation practices. In fact, it has not been a particularly good year for the MFDA so far when, added to the BCSC’s decision, we have the Saskatchewan court’s refusal to toss a civil suit against it and the ruling in the Mallard case as well. Both have raised questions about the integrity of the MFDA.
Three cases in the last two years emanating from the Office of the Privacy Commission of Canada remind us that when it comes to complying with privacy requirements, it’s not enough to simply post a privacy policy on our website and appoint a privacy officer in the firm. In the increasingly complex maze of regulatory […]