Licensing standards and continuing education to be studied
The SRO’s members also approved proposed changes to its rules regarding trading authority and powers of attorney at its AGM
Signature-related shenanigans is an issue fro the CSA
The SRO is also redesigning the official brochure that firms will be required to distribute to new retail clients when they open an account early next year
Although the MFDA’s processes are “effective, efficient and applied consistently and fairly,” it could take a harder line against registrants
The regulator altered several aspects of the plan to adopt a consolidated audit trail in response to public comments and recommendations from the SROs
Although the provinces have not moved yet on the effort to see the creation of an SRO for advisors, clients could help tip the scale in that direction, experts say
Fines need to be paid, not just levied
The SRO will focus instead on participating in the CSA’s initiative to enhance proficiency requirements in the investment industry and other “targeted reforms”
The self-regulatory organization releases its annual report for 2015-2016