Generally, anyone selling securities, offering investment advice or acting as an investment fund manager in Canada must register with a securities regulator.
4 key things to know about registration
What dealing with a registered adviser or dealer means (and what it doesn’t):
- Skills – Registration tells you that the individual has met the proficiency requirements for their category of registration and the registration category should correlate with the products and services a firm or individual can offer. They need the right skills and knowledge and also need to meet the right standards to sell products and provide advice.
- Ethical business practices – The integrity of individual representatives is one of the key components in assessing fitness for registration. Individuals are subject to background and police checks and firms and all registered individuals are required to renew their registration each year.
GETSMARTERABOUTMONEY.CA – Special to The Globe and Mail – February 10, 2014.
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