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
Increase in Regulatory Complaints and Inquiries received by IIROC between 2020 - 2022
IIROC recently released statistics with respect to complaints and inquiries statistics for the period from 2020 to the end of 2022. It is...
Mar 20, 20233 min read
