Proposed amendments aim to clarify the limited circumstances in which reps can act under powers of attorney, or as trustees and executors for clients
The SRO initiated 69 enforcement proceedings in 2015, up from 48 the year earlier, and concluded 65 cases resulting in total fines of $5.4 million
The move to pre-trade delivery of Fund Facts is set for May 30
MFDA report shows that many firms are failing to make a genuine effort to implement new regulations
The self-regulatory organization has retained Investor Economics to perform analysis on the geographic, demographic and wealth footprint of fund dealers’ clients
Conrad Eagan was found to have stolen about $3.5 million from former clients. He faces criminal charges, civil lawsuits and other investigations
The firm’s director was fined $250,000 and permanently banned almost 10 years after the fraud was uncovered
Most independent mutual fund dealers don’t expect to survive if investment dealers are permitted to field their own teams of mutual fund representatives. That’s according to the recently released results of a Mutual Fund Dealers Association of Canada (MFDA) consultation carried out with mutual fund dealers on the possible impact of the Investment Industry Regulatory […]
New bulletin also states that the SRO is concerned about the prevalence of reps falsifying client signatures
Most of the 29 comments the SRO received on a consultation paper contemplating rule amendments were supportive of the idea