Final report does not “accurately reflect” U.S. law
The goal of the nine principales is to promote investor protection
Retired client with limited investment knowledge invested in higher risk securities
MFDA panel finds rep recommended leverage strategies that were unsuitable for clients
Amendments require securities commission approval before they take effect
Poor knowledge of the product and its risks lead to $30,000 fine
OSC report sets out common deficiencies uncovered in compliance reviews
Board approves changes following industry consultations
Although the initiative is intended to verify the accuracy of information, some advisors are concerned
Sale of Promittere shares raises disclosure and suitabililty concerns with MFDA