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HomeUncategorizedSecurities regulators find compliance gaps in investment dealers’ sales practices

Securities regulators find compliance gaps in investment dealers’ sales practices

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A regulatory review of more than 100 Canadian wealth managers found that some companies have not yet updated their compliance procedures to meet new industry rules when selling investment products to clients.

In a joint statement on Wednesday, the Canadian Securities Administrators and the Canadian Investment Regulatory Organization said that while many firms have made efforts to update their compliance processes, with some even spending significant resources to meet new client and product suitability rules, other firms have not done so.

The compliance review is part of wider regulatory sweep that the CSA (the umbrella group for provincial and territorial securities regulators) and CIRO began in 2023 after the introduction of new rules known as the client-focused reforms. In 2023, the CSA and CIRO conducted a review of investment firms’ conflict-of-interest practices.

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Ethan Radcliffe
Ethan Radcliffe is a senior reporter and digital editor at The Toronto Insider, specializing in Canadian federal policy, GTA urban development, and national economic trends. With over a decade of experience in North American journalism, Ethan focuses on translating complex legislative and economic developments into clear, accessible reporting for Canadian readers. Ethan’s work emphasizes policy analysis, government accountability, and data-driven reporting, with a strong focus on how federal and provincial decisions impact communities across the Greater Toronto Area and beyond. He has covered infrastructure planning, housing policy, fiscal strategy, and regulatory changes affecting Canadian households and businesses. A graduate of Toronto Metropolitan University’s School of Journalism, Ethan brings expertise in investigative reporting, long-form analysis, editorial standards, and digital publishing best practices. His reporting is guided by verifiable sources, public records, and transparent sourcing. In addition to reporting, Ethan has experience in newsroom editing, fact-checking workflows, SEO-informed journalism, and audience analytics, ensuring stories meet both editorial integrity standards and modern digital discoverability requirements. Ethan is committed to objective, fact-driven journalism and adheres to established ethical guidelines, prioritizing accuracy, clarity, and public trust in all reporting.

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