The roundtable, which is part of the CSA’s consultation on discontinuing trailing commissions on mutual funds, includes three topics and 13 panellists
York University professor responds to IFIC-commissioned study, which opposes a possible ban on trailer fees
Investment industry players that favour a ban are either far removed from the average investor or could benefit directly from it
Industry views diverge widely on the future of embedded fees
Ontario’s main regulator will host a public hearing on the long-running debate over a possible regulatory ban on embedded commissions
Paul Bourque advocated in a speech that investors should be given a choice in terms of how fees are paid
Both groups are in agreement that eliminating embedded commissions would have serious repercussions for dealers and their advisors
The organization recommends a variety of measures, including capping trailer fees, in response to the CSA’s consultation paper
The firm’s submission to the CSA’s consultation says embedded commissions create a conflict of interest
Although some countries have banned embedded commissions or adopted a best interest standard, most have just sought to enhance disclosure