The Investment Funds Institute of Canada has come out against proposals that would allow members of the Investment Industry Regulatory Organization of Canada (IIROC) to hire advisors who are only licensed to sell mutual funds.
Current regulations require all advisors at IIROC member firms to pass the Canadian Securities Course (CSC) and the Conduct and Practices Handbook Course (CPH) within 270 days of joining the firm in order to become licensed for a full range of investment products such as stocks and bonds.
ANDREW RICKARD – Insurance Journal – April 22, 2016.
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