Firm touted lack of fees while making money on investors' cash holdings
Firm's systems failed to spot clients who were eligible for cheaper fund series
Sweeping compliance review finds issues with fund industry charging practices
More than one-third of millennial DIY investors surveyed in Canada have invested in cryptocurrencies
Temporary relief aims to help firms implement new rules on June 1
The SRO provides clarity ahead of new year-end requirements, noting how products, fees and even ESG should be discussed
The proposed rules are designed to ensure a higher standard of consumer protection
This strategy can work well for wealthy clients with large TFSA balances
Average monthly revenues down, expenses up since Covid-19 hit
The bank was fined $400,000 after it overcharged seniors $31 million