Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
Rules streamline fund reports, call for truth in advertising on fees
TCR is coming for investment and seg funds
Consultation on improving, harmonizing fund disclosure remains open until July 27
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