Fourth case certified involving funds paying trailers to discount brokers
Firms were allowed to collect trailers before the CSA ban, court rules
Case against 1832 Asset Management L.P. is the latest to secure certification
Decision on tougher investor protection measures coming by end of 2025
Respondents to FSRA survey had mixed views on how they preferred to pay financial advisors
The exemptions were previously slated to end on Nov. 30
FCA says there's work to be done in terms of ensuring value and enhancing competition
Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages
Regulators objected to applying "best execution" duties to fund selection
Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban