Trailer fee – Advisor's Edge

Regulators extend exemptions for discount brokers to comply with trailer ban

Mark — Thu, 31 Aug 2023 19:26:59 +0000

The exemptions were previously slated to end on Nov. 30

allan — Thu, 03 Aug 2023 14:26:08 +0000

Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages

michelleschriver — Thu, 20 Apr 2023 15:20:00 +0000

The industry has until 2026 to adopt the requirements

melissa — Mon, 23 Jan 2023 23:16:40 +0000

Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban

Mark — Fri, 18 Mar 2022 19:55:19 +0000

Temporary relief aims to help firms implement new rules on June 1

melissa — Wed, 05 Jan 2022 22:24:30 +0000

The firm agreed to a $157,500 fine and will repay 6,000 affected clients

Katie — Wed, 15 Sep 2021 18:11:06 +0000

An Ontario court rejected a motion to appeal the certification decision in a BMO funds case

Mark — Tue, 27 Jul 2021 21:00:08 +0000

The firm also announced various risk-rating and fund-names changes

Mark — Wed, 14 Jul 2021 21:30:52 +0000

The firm is also renaming certain mutual funds

Mark — Mon, 12 Jul 2021 21:25:30 +0000

A client eligible for no-loads funds was instead sold a DSC fund to boost the rep's compensation