Reviews of three firms raised “significant concerns”, regulator says
Regulator publishes annual compliance report covering EMDs, portfolio managers, and fund managers
Dealers should put more of a focus on training their advisors on how to work with seniors
Dealers and advisors should take steps to ensure they’re operating in compliance with rules governing outside business activities
Regulators have begun taking steps to level out the requirements across the financial services industry
Choice and access to financial products, services and advice will diminish if compliance costs are not reined in, says Advocis CEO
The firms had been previously warned about compliance deficiencies but failed to effectively act upon those warnings
Costs are creating a greater burden on smaller firms
An effective relationship disclosure information form should be more than a regulatory document, say legal experts
There are over 100 new and revised requirements in CRM 2 that are either currently in effect or will do so over the next three years