On January 10th 2017, the Canadian Securities Administrators along with the Ontario Securities Commission launched Consultation Paper 81-408: Consultation on the Option of Discontinuing Embedded Commission.
While the Ontario Chamber of Commerce (OCC) applauds efforts to make fees in the financial industry more transparent, such transparency must not be at the expense of millions of Canadians losing access to advice and potentially not being able to amass adequate savings for retirement – which we believe would happen should embedded commissions be banned.
The post Letter to Minister Sousa: Protect Freedom of Choice for Ontarian Canadian Investors appeared first on Ontario Chamber of Commerce.
