Canadian securities regulators are reviewing whether the nation’s largest brokers are increasingly routing equity trades to U.S. dealers to save costs.
The Ontario Securities Commission, along with the Investment Industry Regulatory Organization of Canada, are examining the issue, said Susan Greenglass, director of market regulation at the OSC.
“We’ve asked questions of some dealers and we’re in the process of gathering information,” she said in a phone interview from Toronto. “Cost has been an issue that has been raised with us and we expect to get more information about that.”
Eric Lam – Bloomberg News – November 18, 2014.
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