On August 24, FAIR Canada’s Executive Director, Ermanno Pascutto, appeared on BNN’s Headline with Howard Green to discuss retail investor trust and confidence in the financial industry. He stresses how important it has become for Canadian regulators to impose a duty on those who provide financial advice to act in their clients’ best interests. Mr. Pascutto points to a misalignment of investor expectations and advisors’ actual duties under the current rules and suggests that the best solution would be to impose a best interests requirement.
Note that the half-hour interview appears in three parts on BNN’s website. Please click here for Part 1, Part 2, and Part 3.
