The paper provides guidance on how regulators have addressed the issue of suitability through their enforcement proceedings against advisors
There is scope to strengthen enforcement activities
The former Manulife advisor “lacks the necessary proficiency and integrity to be registered,” the OSC says
Extra caution must be taken when recommending to clients investments with less liquidity, transparency and financial disclosure
Panel discusses what regulators look for in assessing whether dealers have fulfilled suitability requirements
Brokers may be recommending riskier, possibly unsuitable securities
British regulator says firms failed to ensure that advice given to customers was suitable
Many advisors are failing to appropriately document sales activities
MFDA permanently bans Dennis Villarin
Suitability issues are frequently questioned