Compensation models reward reps for selling certain products
In part three of a six-part video series on regulatory changes, Dan Richards, CEO, Client Insights and Rebecca Cowdery, partner at Borden Ladner Gervais LLP, discuss the CSA's proposals concerning conflicts of interest and how advisors can get ready for a higher standard.
The SRO will make certain that its rules and guidance put the best interest of clients ahead of dealers and reps
The OSC, the MFDA and IIROC are planning reviews of fees and incentives that could negatively affect clients
FSCO examinations have found that 10% of insurance agents were not disclosing actual or potential conflicts of interest to their clients in writing, as they’re required to do
Cooling off periods introduced on key staff who leave for the private sector
Regulator to review brokerage practices for addressing conflicts of interest
New study argues White House report’s cost estimates not fully supported by academic literature
Incentive structure created conflicts of interest, FCA says
U.S. regulator continues to find shortcomings with firms aligning their interests with their customers