Ellen Roseman

Personal finance columnist at the Toronto Star and previously the Globe and Mail. My passion is consumer advocacy and making sense of money

Mar 14, 2021
Published on: LinkedIn
1 min read

As Harold Geller says, the Mutual Fund Dealers Association #mfda is doing a great job with enforcement, but the penalties are too low to make an impact.
#investorrights #financialabuse #widespreadviolations #advisors #bestinterest #conflictofinterest #needtoraisepenalties

The MFDA is doing a great job with enforcement to stamp out widespread use of blank signed forms and alteration of signed forms. IIROC, well not so much. How about the securities commissions doing this for EMDs? While I applaud the MFDA's efforts, the penalties are insufficient to make an impact. MFDA can up it game and demand more after years of notice and considering how widespread this financial abuse is. See; https://lnkd.in/d7sYuH4 and https://lnkd.in/dBpCyDZ #MFDA #IIROC #BCSC #OSC #ASC #CSA #EMD #FSRAO #time4change

MFDA Hearing Panel accepts settlement agreement with Patrick Lynch