Quarter of Ont. mutual fund dealers say customers sold unneeded products: survey

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By News Room 4 Min Read

TORONTO – A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.

The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25 per cent say customers have at least sometimes been recommended products or services that are not in their interest.

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