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The inadequate supervision involved suitability, concentration in sector funds

Red alert

Regulator seeks to address concerns about client over-concentration

Royal commission found clients charged for advice they never received

The search for higher returns is leading investors to fraudulent or unsuitable products

Review will examine implementation of MiFID II requirements

Firm failed to question sales on risky exempt securities to certain clients

Shot of a group of young businesspeople using a laptop during a meeting in the boardroom of a modern office

ShelfMonitor scans for changes to investment products

  • By: IE Staff
  • January 14, 2020 January 14, 2020
  • 12:02

The OSC says there is a lot of room for improvement in its 2019 summary report

The shortcomings may be addressed through the CSA's client-focused reforms

Clients were advised to concentrate their holdings in precious metals sector funds