The costs would sink many small dealers, and advisors would be more vulnerable to lawsuits, lawyer says
CSA paper’s position on investment costs is causing confusion
Regulator will hold one session for investors, another for advisors, industry groups
U.S. securities industry trade group says there should also be uniform supervision of brokers and advisors
Regulator plans to conduct mystery shopping exercise to gauge suitability of investment advice
Many investors don't understand standards of care
An end to the confusion is near, says FPSC’s List
CETFA and IFIC say regulators need to do more research investor concerns to discover whether or not those issues are being addressed by current regulation
Adoption of a fiduciary standard at the top of the list
The CSA's new paper explores the possibility of introducing a fiduciary duty for advisors