The firm agreed to a $157,500 fine and will repay 6,000 affected clients
An Ontario court rejected a motion to appeal the certification decision in a BMO funds case
The firm also announced various risk-rating and fund-names changes
The firm is also renaming certain mutual funds
A client eligible for no-loads funds was instead sold a DSC fund to boost the rep's compensation
New rules coming into effect June 30 require advisors to address material conflicts
The Ontario Divisional Court has rejected TDAM’s leave to appeal an earlier ruling
Both funds have low risk ratings
The firm cited a lack of demand for the fee option
An Ontario court said the plaintiff has a viable claim for breach of trust and fiduciary duty