Australia, the U.S. and the Netherlands top the rankings
The deferred sales charge structure was created to preserve generous commissions for mutual fund sales
Clients who meet eligibility requirements will be automatically switched into series with preferred pricing
A summary of investor comments on CSA's proposed amendments to National Instrument 81-105
The firm admitted it failed to prevent the double charging of clients who held mutual funds that paid embedded fees within fee-based accounts
The lawsuit has been filed on behalf of discount brokerage clients who allegedly paid excessive management fees on mutual mutuals
MFDA publishes investor bulletin on mutual fund fees
Similar cases have been filed against 1832 Asset Management and TD Asset Management
The move is intended to reduce regulatory uncertainty following the CSA’s plan to propose rule changes
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
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