Andrew Kriegler of IIROC is part of this year's Wealth Professional Canada's Host List.
IIROC
In April, IIROC released a review of how investment firms are meeting the requirement to manage compensationrelated conflicts in the best interest of the client. The findings showed a number of areas where the industry needs to improve, including insufficient disclosure, a lack of oversight on conflicts and inadequate management of the shift to fee-based and managed accounts. The association’s president and CEO, Andrew Kriegler, was clear on what needs to be done. “As a result of these findings,” he said, “IIROC is immediately taking a number of important steps to make it clear that our rules and guidance put the best interest of the client ahead of the interests of IIROC-regulated firms and their representatives.”
In April, IIROC released a review of how investment firms are meeting the requirement to manage compensationrelated conflicts in the best interest of the client. The findings showed a number of areas where the industry needs to improve, including insufficient disclosure, a lack of oversight on conflicts and inadequate management of the shift to fee-based and managed accounts. The association’s president and CEO, Andrew Kriegler, was clear on what needs to be done. “As a result of these findings,” he said, “IIROC is immediately taking a number of important steps to make it clear that our rules and guidance put the best interest of the client ahead of the interests of IIROC-regulated firms and their representatives.”
