Ontario Bill 157 to regulate financial advisors moves on to committee
There are three key issues of contention with the private member’s bill that aims to regulate financial advisors in Ontario
Reaction to Ontario's initiative reveals big differences of opinion
Regulator cites Ontario consultation, desire for a coordinated approach
Private member’s bill proposes new regulatory body to levy penalties and revoke licenses
The Advocis proposal will cause unnecessary duplication and cost for the oversight of financial advisors, and it misses the mark for regulating financial planners
Forged certificates meant to show that the advisor had met the standards imposed by Retail Distribution Review
Industry groups supportive of formal recognition of financial planning as a profession
Advocis has moved to support new, stricter credentials and standards for those calling themselves "financial advisors"