Canadian regulators probe mutual-fund sales practices at banks

Canadian regulators probe mutual-fund sales practices at banks

Canadian regulators are conducting a co-ordinated probe of sales practices within bank branches, the latest such inquiry following a public report on “potential investor harm due to alleged high-pressure sales practices for mutual funds at some Canadian banks.”

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Financial Regulators Reviewing Alleged High-Pressure Bank Sales Tactics

Financial regulators say they’re looking into allegations of high-pressure sales practices in Canadian bank branches. The Ontario Securities Commission and the Canadian Investment Regulation Organization say the co-ordinated review will first focus on information gathering over the coming months into early 2025. The regulators say they aim to better understand the sales culture and environment within Canadian banks to identify and assess the sca…

Financial regulators reviewing alleged high-pressure bank sales tactics

TORONTO — Financial regulators say they're looking into allegations of high-pressure sales practices in Canadian bank branches.

Canadian regulators launch review of sales practices in bank branches

The inquiry by securities regulators came in response to reporting that bank employees pushed products in ways that misled customers as they sought to meet their sales targets.

OSC, CIRO to review banks' sales practices

Regulators cite concerns about high-pressure sales tactics in bank branches The post OSC, CIRO to review banks’ sales practices appeared first on Investment Executive.