Understanding Churning and Excessive Commissions:
How CIRO-Regulated Firms Can Detect and Prevent Misconduct Through Turnover and Cost-to-Equity Analysis Practical Solution Introduction In Canada’s investment industry, client protection and ethical trading practices lie at the heart of regulatory oversight. The Canadian Investment Regulatory Organization ( CIRO , formerly IIROC ) requires firms to ensure that all account activity is consistent with the client’s best interest , suitability , and fair-dealing  standards. Two o
Oct 313 min read
Navigating the Complexities: Understanding Fiduciary Duty and Discretionary Authority in Investment Advisory
In the realm of investment advisory, fiduciary duty plays a crucial role in defining the responsibilities of financial professionals....
Feb 154 min read
Issues with Fee Based and Managed Account platforms still exist after so many years
In December 2016, IIROC initiated a review of compensation-related conflicts and found recurring themes and concerns. Although disclosure...
Mar 20, 20233 min read
