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Investor Education Month

Free webinars for investment professionals: Clients First - Enhancing Investor Protection, October 20 and 26.

Free Webinar Series: Clients First – Enhancing Investor Protection 

Join FCNB for a two-part webinar series to help investment professionals better understand their regulatory requirements.  The webinars will focus on the reforms by the Canadian Securities Administrators to enhance the client-registrant relationship as well as the protection of older and vulnerable clients.

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Client Focused Reforms

Part One: Client Focused Reforms (CFR)

October 20, 1-2 p.m. AST

This webinar will help investment professionals understand their regulatory requirements and how the CFR requirements will impact their work and practices.

Key topics covered in the webinar include:

  • Changes to the suitability requirements
  • Resolving material conflicts of interest in the best interest of the client
  • How you must “put the client’s interest first” when making a recommendation
  • How you must meet the enhanced know-your-client (KYC) and know-your-product (KYP) standards
  • The prohibition against misleading communications

Qualifies for 1.00 hours of Compliance CE credits with IIROC.

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Wendy MorganWendy Morgan

Wendy Morgan is the Deputy Director of Securities with the New Brunswick Financial and Consumer Services Commission (FCNB). She has been with FCNB and its predecessor organization, the New Brunswick Securities Commission, since March 2009. Wendy is actively involved in various areas of securities regulation, including oversight of registration, compliance, market regulation and legal services in the Securities Division. Prior to joining FCNB, Wendy held legal counsel positions with a global, publicly-traded engineering and design firm and a large Atlantic Canadian-based law firm. Wendy holds a Bachelor of Business Administration (BBA), an M. Phil in Policy Studies and a Bachelor of Laws (LLB) from the University of New Brunswick. 

Phil DevaultPhil Devault

Phil Devault is the Director of Member Regulation Policy for the Investment Industry Regulatory Organization of Canada. He has been working at IIROC since 2016. In his current role, he is responsible for managing and leading a team of legal professionals tasked with developing IIROC Dealer Member policies. He also acts as liaison with regulatory partners and represents IIROC in various industry groups, including the CSA-SRO Client Focused Reform Implementation Committee. Before joining IIROC, Phil worked for the Autorité des marchés financiers (AMF) where he acted as legal counsel in the General Counsel’s Office. His practice focused on all aspects of capital markets. In that role, he drafted various legislative and regulatory amendments and actively participated in the implementation of the G20 reforms in response to the 2007-08 financial crisis. Phil holds a Degree in Civil Law (LLL) from the University of Ottawa, a Juris Doctor (JD) from the University of Montreal, and a Specialized Graduate Diploma focused on capital markets. He is a member of the Law Society of Ontario and the Barreau du Québec.

Brett KonyuBrett Konyu

Brett Konyu is the Director of Member Education and Membership Services with the Mutual Fund Dealers Association of Canada. He has been with the MFDA since April 2001. Brett is responsible for overseeing the MFDA's Member Education and Membership Services Departments. This involves providing Members with educational material on current industry issues, best practices guides for complying with regulatory requirements, directing various initiatives such as the MFDA’s Continuing Education Program and ongoing client research projects, and overseeing Member inquiries and administration of Membership. Previously Brett was a Manager in the Sales Compliance Department, monitoring the conduct of Members and Approved Persons. Prior to joining the MFDA, Brett held various positions with mutual fund and securities dealers.

Jason AlcornJason Alcorn

Jason is an Associate Professor with the Faculty of Law at the Université de Moncton. He currently lectures in the fields of Mortgage Law, Business Law and Public International Law. Prior to joining the Faculty of Law, Jason worked for FCNB over a 15 year period. During this time, he helped shape laws and policies affecting New Brunswick’s capital markets. Jason is a graduate of both Osgoode Hall Law School and the Faculté de droit of the Université de Moncton. He is a former student of both Sciences Po Paris and the École nationale d’administration of France respectively, and is an alumnus of UNB Saint John. He is active in community affairs, currently serving as the Chair of the Sheila Hugh Mackay Foundation and Vice-Chair of Dialogue NB.

Older and Vulnerable Clients

Part 2: Older and Vulnerable Clients 

October 26, 1-2 p.m. AST

This webinar will help industry professionals understand the new regulatory requirements to seek a trusted contact person on an account and when placing a temporary hold in certain circumstances. These changes will come into effect on December 31, 2021.

Key topics covered in the webinar include:

  • Recognizing signs of financial exploitation in clients
  • Understanding the purpose of the trusted contact person
  • Taking reasonable steps to ask your client whether they would assign a trusted contact person 
  • Meeting the requirements when placing a temporary hold on an account

Qualifies for 1.00 hours of Compliance CE credits with IIROC.

Register Now

 

Deborah GillisDeborah Gillis

Deborah Gillis is a Senior Legal Counsel with the New Brunswick Financial and Consumer Services Commission (FCNB). In her role as Senior Legal Counsel, she provides legal support to each of FCNB’s divisions, ensures the privacy and access needs and requirements of the organization are met, and  leads FCNB’s seniors’ initiative, a multiyear strategy focused on preventing financial exploitation in older New Brunswickers. Deborah co-leads the Canadian Securities Administrators committee to examine issues related to older and vulnerable investors and has been a member on the North American Securities Administrators Association board committee on senior and diminished capacity since its inception in the role of member, vice-chair and, more recently, chair. Before joining FCNB, Deborah worked for over eight years between a large Atlantic firm and as counsel to a small company. Deborah holds a Bachelor of Education (BEd), Bachelor of Arts (BA), and a Bachelor of Laws (LLB) degree from the University of New Brunswick. 

Frank McBreartyFrank McBrearty

Frank McBrearty is Senior Legal Counsel in the Securities Division of the New Brunswick Financial and Consumer Services Commission (FCNB). Frank has been with FCNB since August 2020 and has been involved in various areas of securities regulation, including market regulation and policy development. Prior to joining FCNB, Frank worked with a mid-sized New Brunswick-based law firm. Frank holds a Bachelor of Arts (BA) from St. Thomas University, a Masters of Law degree from the National University of Ireland, Galway, and a Juris Doctor JD from the Université de Moncton.