Provincial regulators were recognized for facilitating fintech, but some survey participants still had concerns
Regulators are doing a better job of protecting investors without restricting business, but more needs to be done
The OSC, BCSC and ASC were praised for making life easier for smaller dealers, but the same can't be said for the SROs and the AMF
There are complaints that larger firms comprise an outsized proportion of the SROs' boards and these firms have a greater voice
Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ thoughts about the CSA’s proposal to introduce a best interest standard and whether their firms are encouraging advisors to drop the smallest clients from their books of business.
Pablo Fuchs, senior editor with Investment Executive and Fiona Collie, staff writer, discuss survey participants’ favourable views of the regulators and other key findings in the Report Card.
Regulators' report card
Many say the industry should be acting in clients' best interest - and regulators should introduce a standard that would apply to dealers and advisors
Many of the increases in regulators' ratings suggest dealers understand the tough job the regulators have to do. (Includes chart.)
Regulators earn kudos for creating pertinent resources and connecting company executives to knowledgeable people on the ground