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Non-tailored Advice in the Order Execution Only Channel
Summary/details:
The Canadian Investment Regulatory Organization (CIRO) is evaluating the limitation of advice in the order execution only channel.
The do-it-yourself (DIY) investing segment is experiencing significant growth and evolution, with many investors new to DIY investing often relying on nontraditional sources of information and advice. According to the 2024 CIRO Investor Survey, published on June 4, 2024,1 four in ten DIY investors opened their first DIY account within the last three years. The survey also revealed that DIY investors are considerably more likely than other investors to utilize social media, internet forums or financial influencers (Finfluencers) as sources of investing information and advice.
- 1CIRO 2024 Investor Survey.
Relevant documents:
Date opened: December 13, 2024
Date closed: February 26, 2025
Status: Closed
Bulletins about this consultation:
Non-tailored Advice in the Order Execution Only Channel
Type: Administrative Bulletin >
Request for Comments
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