Canadian Advocacy Council for Canadian CFA Institute Societies (CAC) makes the news with its point of view on embedded commissions
The Canadian Advocacy Council (CAC) is an independent organization comprising of approximately 13 members from across Canada who engage in a variety of activities in Canada’s capital markets. The CAC represents over 16,000 CFA Institute members who are the primary market participants in Canada’s capital markets.
Moad Fahmi, CFA, president of The Canadian Advocacy Council, is also a member of CFA Montreal Board of Directors.
In this article, CAC expresses Its support to discontinuing embedded commissions, along with complementary reforms to enhance client/advisor regulation. To read more about Novel proposals on fees written by James Langton from Investment Executive, click here.