IFB one of several organizations to offer recommendations to the Ontario Securities Commission

Leave a Comment

Canada’s largest provincial regulator has a number of priorities to address after various investment industry and investor advocates submitted comments to the OSC. High profile policy issues, such as a possible ban on trailer fees and the potential creation of a fiduciary duty for financial advisors, remain top regulatory priorities.

In addition, several other issues have been raised, with concerns ranging from the deterioration of investor restitution to addressing climate change.

In its comments to the OSC, Independent Financial Brokers advocated for coordination among regulators in the securities and insurance sectors. IFB commented that regulators establish a database that would allow consumers to view registration and disciplinary information for insurance advisors as well as securities-licensed advisors.

Details about the various recommendations made to the OSC can be found in this article from Investment Executive.

Comments are closed