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Wealth Professional | 13 Nov 2013, 03:00 AM Agree 0
All securities-related business must go through dealer, states bulletin
  • JSydneyH | 14 Nov 2013, 07:55 AM Agree 0
    Is the warning being issued to MFDA members, mortgage professionals, or people with dual licenses? Maybe I'm the only one, but I'm more confused by this article than I was before.

    Please clarify for me.
  • Kevin R | 14 Nov 2013, 08:21 AM Agree 0
    That's fine but maybe they should look at the licensed Financial Planners and the referral fees they receive for selling ManuBank mortgages(Manu One product).
  • Jeff | 14 Nov 2013, 09:05 AM Agree 0
    This is NOT true in Ontario. Any licenced Mortgage Broker may syndicate and sell the syndicated units in Ontario provided they follow all the disclosure and other requirements of the MBLAA and Regulations.
  • Jeff | 14 Nov 2013, 12:36 PM Agree 0
    Kevin, the MBLAA is currently up for review, and these finders fees are one of the issues on the table.
    JSydneyH, I read it as those with dual licences.
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