John Fabello, a partners with the law firm Torys LLP, describes advisors' gatekeeper obligations as described by the Investment Industry Organization of Canada, and what they can learn from regulatory investigations. He spoke with Gavin Adamson at the TMX Broadcast Centre in Toronto.
John Fabello, a securities lawyer and a partner at Torys LLP, describes the fundamentals of the Investment Industry Regulatory Organization of Canada’s so-called “gatekeeper obligation” and it means for advisors. He spoke with Gavin Adamson at the TMX Broadcast Centre in Toronto.
Proper recordkeeping of client communications is critical
The Investment Canada Act is tougher after 2009 changes. In the future, politics are likely to play a bigger role in these deals
A B.C. judgment potentially leaves advisors open to charges of unprofessional conduct if assets are transferred to protect wealth
Appeal court rules that fired employees get notice pay only; to do otherwise would create a “slacker’s charter”
Advisors may be unprepared for impending conflict-of-interest rules