Quebec regulates “financial planner” and prohibits
“financial advisor.” Ontario will regulate both.
Legislation affects disclosures on trusts, real estate and corporations
The proposals affect disclosure requirements and facilitate online compliance
The proposals are out for comment until Dec. 4
The guidance augments FINTRAC's penalty policy
IIROC staff sought the firm's suspension after it fell into capital deficiency in August
Firms engaged in excessive promotional activities and provided reps with too much in non-monetary incentives
The OSC's research challenges the justification for DSCs and trailing commissions
In its submission to IIROC, the association also asked for clarity on the rules
The violation involved using 'soft dollars' to develop in-house software