The group argues that the proposed rule, as it stands, is too weak in certain respects and too ambiguous in others
Investor Advisory Panel calls on regulators to adopt a “best interest” standard as soon as possible
Conduct standards in the U.S. brokerage industry remain in flux
The U.S. regulator has also proposed introducing a mandatory new disclosure document that sets out the terms of advisory relationships
Editorial
A new course defines procedural frameworks for advisors “based on fiduciary best practices”
Editorial
Overwhelming backing for “best interest” standard
The regulator’s final statement of priorities, published on Thursday, also includes a commitment to deal with embedded commissions
Although the province already has such a standard on financial planners, it’s now expanding the rule to include broker-dealers, sales reps and advisors