OSC Staff Notice 33-740

On May 30, 2013, the Ontario Securities Commission published its findings for the 2012/2013 focussed review of 87 firms registered in the exempt market dealer and portfolio manager categories.  The focus was on firms’ compliance with their know-your-product, know-your-client and suitability obligations.

Findings

The more prevalent breaches were found at exempt market dealers (EMDs