Earlier this week, the Ontario Securities Commission's Investor Advisory Panel released the findings of a study conducted to gauge the views of investors regarding their relationships with financial advisers. Of particular interest, the study ultimately found that while investors generally trust their financial advisers, 93% support a best interest duty. Meanwhile, the study also found support for strengthening the regulation of financial advisers and stricter enforcement of the rules.
As we discussed in October, the CSA released a consultation paper last year exploring the concept of a fiduciary duty for advisers and dealers.
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