Meeting planned for Calgary and Edmonton
After decades of inaction, the CSA finally may be deciding whether to ban these commissions
What regulators will decide to do on this remains unclear — and the discussions held on Monday did little to clarify the issue
The roundtable, which is part of the CSA’s consultation on discontinuing trailing commissions on mutual funds, includes three topics and 13 panellists
York University professor responds to IFIC-commissioned study, which opposes a possible ban on trailer fees
Investment industry players that favour a ban are either far removed from the average investor or could benefit directly from it
Industry views diverge widely on the future of embedded fees
Ontario’s main regulator will host a public hearing on the long-running debate over a possible regulatory ban on embedded commissions
Paul Bourque advocated in a speech that investors should be given a choice in terms of how fees are paid
Both groups are in agreement that eliminating embedded commissions would have serious repercussions for dealers and their advisors