Error went undetected despite over 500 complaints; affected more than 100,000 customers
For dealers, preparing for compliance will include reviewing agreements with fund managers
The move is good for clients, but will industry follow?
Exchanges to report strong results as volumes jumped in fourth quarter
Risk of retail investor harm from poor controls, disclosure, review finds
Class action brought on behalf of full-service clients with funds that paid trailers
Customers paid higher fees, got less interest on cash balances: FINRA
Fee fairness and disclosure, potential for conflicts of interest among issues in CSA consultation
Total cost reporting will increase fee transparency, put more onus on advisors to demonstrate their value to clients
Regulatory fees set to rise in line with consumer inflation