Understanding fees remains a challenge for investors, CSA says

first_img Facebook LinkedIn Twitter Female advisor meeting with male client at hotel lobby ammentorp/123RF Keywords Client education,  Commissions and fees,  RegistrationCompanies Canadian Securities Administrators Share this article and your comments with peers on social media Related news OSC steps up crypto enforcement Registration proves elusive for crypto firms: FCA James Langton Canadian securities regulators’ latest investor education campaigns focus on fees and registration.The Canadian Securities Administrators (CSA) announced the launch of two national, online investor education campaigns for October, which is investor education month. One of the campaigns focuses on investors understanding the impact of fees on investments, while the other encourages investors to ensure they’re dealing with registered industry personnel by checking registration with the CSA database.The CSA also published its annual report on the investor education activities of the various provincial and territorial regulators today. In the report, CSA notes that, while there have been improvements in investor understanding of fees since they started receiving annual costs and compensation reports as part of the Client Relationship Model 2 reforms, CSA research shows that “investors need to continue to put in effort to build their knowledge and understanding when it comes to the investment fees they pay.”The regulators’ digital campaign on investment fees ran earlier this year, from May 1 to June 25, and is now being revived for three weeks in October.“Securities regulators are giving Canadians important information to make informed investing decisions and are working towards improving the investor experience,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers, in a release. Novice investors who trade for fun may not appreciate the risks: FCAlast_img read more