The announcement follows a similar proposal against TD Asset Management launched in April and the CSA’s proposal to ban mutual fund firms from paying discount brokerages trailer fees
The self-regulatory organization expects firms to rebate the portion of a mutual fund’s trailing commission that is related to advice
The action against TD Asset Management claims damages of $200 million
Clients of the U.S. discount brokerage can gather news, do their research, get real-time quotes and take action
The self-directed brokerage industry has come under fire since late December
Several marijuana companies have taken a major hit
Customers complain on social media
Second place Questrade moves up one position from 2016
Although mobile accessibility and services for discount brokerage clients has improved, it continues to lag the traditional online experience
There’s a growing desire among these investors for a combination of full-service advice and self-service tools, J.D. Power report finds