Home Insight Letters to the Editor

Latest news in Letters to the Editor

binoculars

Letter: Investment industry well-positioned for the post-Covid recovery

Strong performance in 2020 bodes well for the year ahead, writes Ian Russell

Wooden dominos falling

Letter: CCMR needs a strategic approach

Either develop a plan to complete the project, or scrap it entirely, writes Ian Russell

  • By: Ian Russell
  • October 14, 2020 October 14, 2020
  • 11:47
Saskatchewan field with old bridge

Letter: Fundamental changes to regulatory landscape in the air

The interests of portfolio managers' clients are better protected under the current system of regulatory oversight, argues PMAC president

Time management concept. Composition with documents, stationary and alarm clock on table

Letter: Time to act on structural reform

Ian Russell responds to comments on his opinion piece on SRO consolidation

confused man

Letter: What’s the rush to merge IIROC and MFDA?

SRO reform should serve the public interest and investors’ needs, writes John Carson of FAIR Canada

Business man at a fork in the road

Letter: SROs at a crossroads

Investors want regulation that will watch their back and a regulator they can trust, writes Ken Kivenko

Cropped shot of a cheerful elderly woman hugging her husband who's in a wheelchair at home during the day

Letter: Proposed rules on vulnerable clients need clarification

The CSA framework is an important first step, but more details are required, writes the vice president of IIAC

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Letter: SRO merger makes sense

Streamlined regulations would benefit the industry and clients, writes Jim Rogers

business people standing in line under a magnifying glass

Letter: More rules don’t necessarily mean better investor protection

The regulatory response to Covid-19 has improved the investor experience, writes Ian Russell

Businessman balancing bear bull financial managing stock market illustration

From 1987 to 2020: perspectives on bear markets

It is virtually impossible to predict the opportune time to exit or re-enter the stock market

tax inspector investigating financial documents through magnifying glass, forensic accounting or financial forensics, inspecting offshore company financial papers, documents and reports.

Is self-regulation working in the public interest?

IIROC’s findings of industry misconduct require a stronger response

Downtown office buildings Toronto

The slow death of Canada’s banking ombudsman

The independent dispute resolution service has been abandoned by most of the big Canadian banks

Advisors embracing technology section image

Letter: Advisors must embrace “factfulness”

Many advisors in Canada are providing the same kind of advice they offered 20 years ago

Stacked white books on rules and regulations

Regulatory costs weaken portfolio returns: IIAC

Aggressive deregulation agenda would not interfere with completion of the client-focused reforms, association president argues

senior couple sitting at table with financial advisor

Clients have spoken — and regulators should listen

IFIC’s recent Canadian Mutual Fund Investor Survey found that investors are very satisfied with their advisors and prefer to pay their fees indirectly

Bias on embedded commissions ban?

Investment industry players that favour a ban are either far removed from the average investor or could benefit directly from it

  • By: Mark Kent
  • July 17, 2017 November 12, 2019
  • 13:40
Letters to the editor: IIROC firms already meet the best interests of their clients

IIROC firms already meet the best interests of their clients

Regulators’ proposals to impose a best interests standard would be “duplicative and confusing”

  • By: Ian Russell
  • February 28, 2017 November 12, 2019
  • 17:00
Letters to the editor: IIROC firms already meet the best interests of their clients

Explanations are needed — please

How will removing embedded commissions enhance the client experience? And how will a fiduciary standard work exactly?

  • By: Don Janzen
  • August 15, 2016 November 12, 2019
  • 16:20
Letters to the editor: IIROC firms already meet the best interests of their clients

A cheap, simple and effective solution

By eliminating incentives, we’re driving down excellence by rewarding minimum expectation

Letters to the editor: IIROC firms already meet the best interests of their clients

Commissions influence advisors’ recommendations

The conflicts of interest in selling products with embedded commissions are enormous, as evidence shows

  • By: Ken Kivenko
  • August 12, 2016 November 12, 2019
  • 13:25
Letters to the editor: IIROC firms already meet the best interests of their clients

Compensation has nothing to do with being a professional

Banning a specific type of compensation will not magically turn abusers into non-abusers. They will just find new ways to abuse

Targeted rules and firm culture needed, not best interest standard

Client's best interest not effectively achieved by a specific rule or regulation

  • By: Ian Russell
  • August 4, 2016 November 12, 2019
  • 09:00
Letters to the editor: IIROC firms already meet the best interests of their clients

Only the profession itself can interpret a best interest standard

Implementing a best interest standard and leaving the oversight of advisors to the existing regulators is not a viable option

Letters to the editor: IIROC firms already meet the best interests of their clients

Letters to the Editor: No confusion, Advocis says

As the U.K. reconsiders rules banning embedded commissions, Advocis reaffirms its commitment to both raising proficiency standards for advisors and embedded compensation

Letters to the Editor: Proficiency, not commissions, reduces number of advisors

It’s worth reviewing the experience of the U.K., where advisors have faced higher proficiency standards since 2013