Canada’s Investment Sector Needs a New Regulator, Not Just a Merger of Existing Bodies

In Canada, regulation of most investment advisers is not directly performed by the CSA, but rather by two industry-funded SROs – the Mutual Fund Dealers Association of Canada (MFDA) and the Investment Industry Regulatory Organization of Canada (IIROC). While both are charged with protecting retail investors, the SROs have inherent conflicts between the interests of investors and the interests of their members.

Click Here to read the Globe and Mail article

June 11, 2020