Suitability review finds room for improvement: FSCO

Suitability review finds room for improvement: FSCO

Ontario advisors are “applying appropriate practices as part of the sales process” according to the results of a suitability review conducted by the Financial Services Commission of Ontario. The results were reported at the Independent Financial Brokers Spring Summit in Toronto this week. Shonna Neil, director of the licensing branch at FSCO, highlighted the results of the suitability review that found “some [advisors] are falling short of their obligations in disclosing conflicts of interest”

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