The OSC says there is a lot of room for improvement in its 2019 summary report
Clients were advised to concentrate their holdings in precious metals sector funds
A client’s age has taken on an overly important role when advisors determine suitability of investments for clients
The review conducted by the Central Bank of Ireland comes in advance of proposed new requirements
The paper provides guidance on how regulators have addressed the issue of suitability through their enforcement proceedings against advisors
There is scope to strengthen enforcement activities
The former Manulife advisor “lacks the necessary proficiency and integrity to be registered,” the OSC says
Extra caution must be taken when recommending to clients investments with less liquidity, transparency and financial disclosure
Panel discusses what regulators look for in assessing whether dealers have fulfilled suitability requirements
Brokers may be recommending riskier, possibly unsuitable securities