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
Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure
Dispute over BIS may threaten creation of national regulator