By The Canadian Press, May 11, 2017 

TORONTO — Several provincial securities regulators across Canada have expressed concerns about introducing a mandatory “best interest standard” that would strengthen the relationship between a financial adviser and their client.

A report by the Canadian Securities Administrators says that while the Ontario Securities Commission and New Brunswick’s Financial and Consumer Services Commission strongly support the proposed change, regulators in Alberta, B.C., Quebec and Manitoba believe it would not be beneficial.

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