Naming and shaming and business titles

Two recent additions to arguments I have been following: the first from a CFA Institute blog and the second from FAIR Canada.

“Naming and Shaming”: Canada’s Move to Call out Bad Actors Sets Investment Industry Example

Our profession could do with quite a bit more of this practice, whereby we don’t shrug and wait for regulators or the media to call out the bad actors and bad practices in our midst

IIROC Guidance re Business Titles and Designations

“..the overarching problem with titles and designations is that Approved Persons at IIROC are allowed to hold themselves out as “advisors” when there is no statutory obligation to act in the client’s best interest and this is inherently misleading to consumers. “

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