The panel discussion was recorded at the 2016 IIROC compliance conference in Toronto
The SRO’s proposed changes may result in higher margin requirements for certain institutional customers
Regulator requests initial comments and proposes working group
Regulator to examine whether the rules are effective in dealing with the kinds of problems they were intended to address
Although industry participants are generally onside with enhanced CE standards for advisors, there are some big concerns
An elderly couple in their 60s lost a significant amount of money because the advisor applied a strategy that was inconsistent with the clients’ objectives
Switch to a shorter, two-year cycle and reduced credit requirements among proposals
Review of compensation-related conflicts reveals that disclosure alone is not sufficient
Jamie Peter Yaskiw failed to know his clients, neglected to ensure suitable recommendations and engaged in discretionary trading without consent
However, the number of cases against firms declined