Panel 4: Implementing a Fiduciary Standard and Beyond

Susan Wolburgh Jenah, Investment Industry Regulatory Organization of Canada (President and CEO) – Moderator
Ellen Bessner, Cassels Brock (Partner) 
Barbara Roper, Consumer Federation of America (Director of Investor Protection)
Ian Russell, Investment Industry Association of Canada (President and CEO)

The main focus of this panel is on practical and implementation issues that would need to be addressed in embracing a fiduciary standard. Topics to be discussed include:

  • How would a change from suitability to a fiduciary duty be interpreted?
  • What effect would a change to a fiduciary standard have on the scope of advice provided to clients?
  • Is the fiduciary standard a panacea, or should it be viewed as an additional ingredient in improving investor protection?