01 IIROC compensation review In April, IIROC published guidance on managing compensation-related conflicts after reviewing 20 firms. The review identified three concerns: disclosure gaps, a lack of oversight of compensation grids and policies, and a shift to fee-based accounts without supervision or risk monitoring. The guidance, along with CSA’s proposal on banning embedded commissions, indicates […]
Increase could be a turnaround
Rep fails to respond to repeated requests from IIROC
IIROC, the self-regulatory body for investment dealers, says it will be seeking feedback about its work from dealers in the coming year. In the group’s 2018 priorities report, released Thursday, IIROC says in the coming fiscal year it will be asking dealers to “tell us how we are doing, and where they feel we need […]
The real story behind the advisor-adviser debate
Organization calls for government action
The absolute numbers are relatively small, however.
IIROC has launched a consultation on using client identifiers, bringing Canada’s rules in line with requirements in the United States and the EU. The goal, according to the self-regulatory group for investment dealers, is to enhance market integrity, protect investors and address electronic trading risks “while minimizing impact on the investment industry.” The consultation will […]
Mitigating factors include an internal fine and a civil action
Wrongdoers are already adequately disciplined, and harmed investors won't benefit, says lawyer