More from Regulatory
IIROC seeks comment on higher awards
Steven Lamb / August 25, 2010The Investment Industry Regulatory Organization of Canada (IIROC) has called for comment on proposals to raise the award limit available under its arbitration program and to change the rules that govern such procedures.
U.S. planners critical of target date funds
Steven Lamb / August 24, 2010Target date funds are coming under attack in the U.S., with critics saying they need to provide investors with better transparency. The call isn't coming from some motley gang of investor advocates either — it's coming from the Certified Financial Planner Board of Standards (CFB Board).
MFDA accepts settlement with Excel Financial Growth
Staff / August 23, 2010A Settlement Hearing in the matter of Excel Financial Growth Inc. (the "Respondent") was held on August 20, 2010 in Toronto, Ontario before a Hearing Panel of the MFDA's Central Regional Council.
SROs hand down fines, ban
Steven Lamb / August 19, 2010The self regulatory organizations have released reasons for decisions in four cases, involving allegations "excessive trading or switching" and outright forgery of credentials.
MFDA issues reasons on four cases
Steven Lamb / August 13, 2010The Mutual Fund Dealers Association has released reasons for decisions in four cases, involving allegations of churning DSC funds, selling outside of the dealer, conducting outside business activities, and borrowing from clients.
Trailer commissions under siege (Part 2)
Mark Noble / August 10, 2010With trailer commissions under siege around the world, Canadian advisors might one day expect this mode of compensation to disappear from our shores as well. When that day comes, there will be two kinds of advisors: Those who scramble to adjust; and those whose practices have already evolved.
MFDA issues reasons for decisions in three cases
Steven Lamb / August 10, 2010The Mutual Funds Dealers Association has released Reasons for Decision against three registrants for infractions ranging from misappropriation of funds, to selling products not approved by the dealer.
Trailer commissions under siege (Part 1)
Mark Noble / August 09, 2010New regulatory proposals by the SEC which drastically alter the way U.S.-based mutual fund companies disclose 12(b)-1 fees likely means it will become increasingly difficult for Canadian advisors to rely on non-transparent trailer commissions as their primary source of compensation.
IIROC announces discipline against Magna Partners
August 06, 2010The Investment Industry Regulatory Organization of Canada (IIROC) and Magna Partners Ltd. have an agreed statement of allegations in which Magna Partners admitted to two violations of best price obligation rules.
Annuities swept up in SEC fund fee proposal
Alan Prochoroff / July 29, 2010The SEC thinks mutual fund 12b-1 fees have gotten out of hand, and is proposing new rules to limit them and provide greater disclosure for investors.
