Amendments clarify conflict of interest guidelines
The Ontario Securities Commission is proposing an amendment to the proficiency rules that would remove limits on the number of “restricted representatives” an investment dealer may employ. Restricted representatives have their registration restricted to the sale of mutual funds. They are temporarily exempted from the normal proficiency requirements for investment dealer reps. The amendment is […]
Beverly, Moorhouse fill vacancies
The Mutual Fund Dealers Association has issued a bulletin to advise its members that its staff have commenced the second round of compliance examinations. These examinations will include review of deficiencies identified during the initial examination and resolution of these deficiencies, it says. Firms must ensure that deficiencies identified during their first compliance examination are […]
FINTRAC clarifies identity verification requirements
Alleges former Investors Group rep misappropriated client funds
PFSL rep facing disciplinary proceedings
Public and industry directors announced
Dealers must perform reasonable level of due diligence on products prior to approval for sale, regulator says