Regulator releases final Statement of Priorities for 2013-14
Industry members discuss possible costs of adopting a statutory best interest standard for advisors and dealers
Discussion designed to reflect the diversity of views held by investors and the advisors
Eleanor Farrell, director, Office of the Investor, Ontario Securities Commission, discusses the consultation paper on the introduction of a statutory best interest standard for advisors and dealers. She outlines five concerns the Canadian Securities Administrators have with the current know your client, suitability, and know your product standard. Farrell spoke at the CIRPs annual conference in Niagara Falls, Ont.
The costs would sink many small dealers, and advisors would be more vulnerable to lawsuits, lawyer says
Regulator will hold one session for investors, another for advisors, industry groups
Many investors don't understand standards of care
OSC’s Investor Advisory Panel releases survey findings on adviser/investor relationship
In part nine, Jim Ruta answers the question: What is the true meaning of fiduciary responsibility? He explains the one fundamental approach that will ensure you are meeting the fiduciary duty in your practice. Ruta spoke with Paula Virany, Investment Executive multimedia editor and video producer, at the TMX Broadcast Centre in Toronto. To ask a performance question to Jim email us atQ&A@investmentexecutive.com.
FSCP says there’s a need for straightforward products that consumers can trust