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IIROC Request for Comments –Use of Business Titles and Financial Designations
Letter Summary:
As a general comment, we agree with the conclusions drawn by IIROC from its Dealer Member survey and investor research about the confusion faced by retail investors due to the plethora of titles and designations used by advisors. We believe it is an important investor protection initiative to educate investors with respect to the qualifications and experience required for various advisor designations and to ensure that advisory titles provide meaningful information to clients, potential clients, and the general public.
Overview of the Council’s Comments:
The CAC welcomes the development of a financial designations glossary on the IIROC platform and would be pleased to participate and contribute with respect to factual information and completeness on the CFA designation.