The cuts are not reflective of the state of the underlying business, the firm says
Claim alleged investors were harmed by mutual funds paying trailers to discount brokers
CIRO decides discretionary, discount accounts for fund dealers won't be pursued as part of rulebook consolidation project
Self-directed investors prioritize convenience, control, costs
Deal includes about 2,050 clients and $250 million in assets
RBC the latest large fund manager to face fund fee suit
Investors enjoy DIY investing, relying more on social media for information
CIRO survey finds investors relying on social media, ranking it as worthy as traditional advice
The regulator also wants to toughen enforcement and see better advice given at banks
Also, Webull launches desktop platform