The mutual fund industry trade group support’s the CSA’s proposed ban on titles that are based on sales activity
The province’s new government has come out against regulators’ proposals to ban DSCs on mutual funds, which were released for public comment Thursday
Many independent firms may restructure or retool their wealth-management operations to mitigate the negative impacts of the client-focused reforms
CSA anticipates its proposals will add costs for the industry
There are key steps advisors can take now to be ahead of the game and deliver better outcomes for clients
Lower revenue and higher compliance costs may force smaller firms out of business and impact advisor compensation
In its annual statement of priorities, regulator reinforces its commitment to CSA’s proposed reforms and bolstering banking ombudsman
Industry groups and investor advocates agreed on some of the proposed rules, but opinions were divided on the decision to allow embedded commissions to remain in place
But regulators are banning DSCs and enhancing regulatory requirements for registrants to avoid situations that place them in a conflict of interest