Two influential investment industry associations have called on the Ontario government to pass legislation that would regulate and accredit everyone who bills themselves as “financial planners.”
A joint submission to the province from the Investment Industry Association of Canada and the Investment Funds Institute of Canada also urges the government to work with other provinces and territories to harmonize regulation of financial planners across all Canadian jurisdictions.
This would “ensure that sanctions and expulsions of a financial planner or adviser levied in one jurisdiction are automatically recognized by all other jurisdictions,” the submission says.
Financial Post – Barbara Shecter – September 21, 2015.
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