New revisions address complaints from institutional investors and foreign investment dealers
Issuers’ use of non-GAAP financial measures remains an area of focus
Lower revenue and higher compliance costs may force smaller firms out of business and impact advisor compensation
2017/18 report shows how regulators work collaboratively to address violators
In its annual statement of priorities, regulator reinforces its commitment to CSA’s proposed reforms and bolstering banking ombudsman
CSA says self-regulatory organization meets terms and conditions of its recognition order
CSA report highlights investor education activities
Industry groups and investor advocates agreed on some of the proposed rules, but opinions were divided on the decision to allow embedded commissions to remain in place
Dealers and advisors can breathe a sigh of relief that there is no blanket ban on trailer commissions and no statutory best interest standard
But regulators are banning DSCs and enhancing regulatory requirements for registrants to avoid situations that place them in a conflict of interest