IG settles with MFDA over suitability of DSC sales to elderly clients
The hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules
- May 17, 2019 May 17, 2019
- 13:17
The hearing involved two clients over age 90 sold DSC funds with seven-year redemption schedules
Changes include fee reductions and tiers
Flows into fixed income ETFs are up this year
The reduced reporting deadline for debt transactions won't take effect until April
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Challenges come from oil and gas sector, labour market
The product looks to capitalize on demand for nuclear energy
Investors sold off money market securities and Canadian equities, and added bonds
Commission will deliver an interim report within 18 months
The change will result in more than $700K of savings for registrants