Status reports conclude more work is necessary in both areas
Everyone agrees that we need to put clients’ interests first; the disagreement is in how this should be done
Many U.S. investors confused about which type of financial professional to retain
Analysis examines the question of whether it is necessary to introduce a fiduciary duty on advisors in Canada
David Di Paulo, securities litigation partner, Borden Ladner Gervais, discusses two major regulatory concerns facing advisors. He discusses the impact of current legislative changes regarding elderly clients, and explains how a “best interest” standard would alter the landscape for the investment industry. Di Paulo spoke at the 2013 Independent Financial Brokers Fall Summit in Toronto.
Planners say bill would undermine efforts to impose new fiduciary standards
A fiduciary standard should be meet the needs of broker-dealers and investment advisors
Litigation lawyers are divided about the potential effects of a new rule imposing a best interest test on advisors
The CSA and the OSC have been dealing with two hot-button topics. Their positions are expected to be revealed soon
Review of best interest standard we will consider the impact that advisor titles and proficiency standards have on investor protection