CSA and IIROC accused of adding to investor confusion
At the National Institute on U.S.-Canadian Securities Litigation in Toronto this week, regulators and litigators discussed industry developments. Best interest standard at a standstill? Panellists expressed concern about the best interest standard’s regulatory uncertainty and unintended consequences for advisors and firms’ business models. For example, the OSC needs to clarify the difference between a best […]
The Alberta Securities Commission (ASC) will hold open forums to further explore issues raised in CSA’s consultation paper on the option of banning embedded commissions. The sessions will take place on Monday, October 23, 2017, from 1 to 3 p.m. in Calgary and on Tuesday, October 24, 2017, from 1 to 3 p.m. in Edmonton. […]
Do you know about this service for investors?
Expect policy on embedded commissions to be published in early 2018. So said John Mountain, the OSC’s director of investment funds and structured products, at Monday’s roundtable discussion on the proposal to ban embedded fees. Maureen Jensen, OSC chair, specified springtime. Though the roundtable focused on three alternatives to banning embedded fees, Jensen made clear […]
Proposed regulator suffers from key flaws
Increase in proceedings gets thumbs-up from regulators
The two national regulators will exchange information to protect consumers
The North American Securities Administrators Association (NASAA) is cautioning investors to watch out for opportunistic investment scams. “As we are seeing in Texas, natural disasters bring out the best in people, with neighbours helping neighbours. Unfortunately, we know from experience that disasters also can bring out the worst in people, particularly those seeking to profit […]
Instead, Yellen defended financial market regulations that have been in place since 2008