Regulators say advisor awards based on production may mislead clients. The CSA and CIRO called on firms and registrants, to remove references to award or recognition, in marketing and client communications, including on webpages or LinkedIn profiles. READ...
Ciro will be undertaking a client research project for which they will request investment dealers and mutual fund dealers to provide detailed information on the investments held by their retail clients as at December 31, 2024. READ MORE
CIRO published their Annual Priorities for fiscal 2024, on June 1, 2023. One of the priorities, is harmonizing CIRO’s regulatory approach, including consolidating the Investment Dealer and Mutual Fund Dealer rules. On June 30, 2023, CIRO published a Rule...
The term ‘finfluencer’ refers to online influencers, marketing financial products and services. This use of social media poses risks, including influencers promoting products they don’t understand and targeting younger investors who trust the advice. The U.K.’s...
Manitoba is looking to join Ontario, Quebec, Saskatchewan and New Brunswick, by proposing regulations to address the use of the “financial planner” and “financial advisor” titles. With multiple provinces regulating this space, Manitoba has asked for comments and...
CIRO is proposing a shift to an exam-based approach to industry proficiency. This approach focuses on assessments based on competencies, not courses. While the proposed date to implement the new proficiency model isn’t until 2026, CIRO aims to publish their new rule...
