Panel calls on OSC to address OBSI’s inability to enforce recommendations for investor compensation
With a new "best interests" standard being discussed and more clients willing to complain about losses, advisors need to assess their litigation risks
New governments amendments to recent reforms are designed to ease burdens on advisors and the industry
Status reports conclude more work is necessary in both areas
Everyone agrees that we need to put clients’ interests first; the disagreement is in how this should be done
Many U.S. investors confused about which type of financial professional to retain
Analysis examines the question of whether it is necessary to introduce a fiduciary duty on advisors in Canada
David Di Paulo, securities litigation partner, Borden Ladner Gervais, discusses two major regulatory concerns facing advisors. He discusses the impact of current legislative changes regarding elderly clients, and explains how a “best interest” standard would alter the landscape for the investment industry. Di Paulo spoke at the 2013 Independent Financial Brokers Fall Summit in Toronto.
Planners say bill would undermine efforts to impose new fiduciary standards
A fiduciary standard should be meet the needs of broker-dealers and investment advisors