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Wealth Professional | 06 Dec 2016, 08:15 AM Agree 0
Regulators have been on a rulemaking rush since the financial crisis, but an industry organization sees signs of a pullback
  • Wealthadvisor | 06 Dec 2016, 09:14 AM Agree 0
    "Regulators have been on a rulemaking rush since the financial crisis"

    Unfortunately, regulators seem to be re-writing recent history. The Canadian stock market and its advisors were a victim of the U.S. Financial Crisis - not the cause. It appears that the regulators have forgotten the true cause of the U.S. Financial Crisis which was a banking/mortgage crisis in residential U.S.real estate.

    Therefore, there is no connection.

    If regulators fail basic history lessons then one has to wonder if the rush to rulemaking is even a valid reason. If regulators wish to embrace "best interest" and principles based regulation then the rulemaking is going to have to stop.

    Time to stop, take a breath and look in the mirror.
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