Canadian regulators investigate high-pressure sales of unsuitable financial products in banks.

Financial regulators in Canada are investigating high-pressure sales practices in bank branches, following a report of unsuitable financial product sales. The Ontario Securities Commission and the Canadian Investment Regulatory Organization aim to assess the scale of issues within the sales culture of Canadian banks. The review, which invites whistleblowers with information, focuses on protecting investors and will gather information over the next few months.

November 26, 2024
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