Wealthsimple to pay MFDA $100K in fines for failing to get client consent to share information

By Elizabeth Raymer ( November 25, 2022, 2:40 PM EST) -- The Mutual Fund Dealers Association of Canada (MFDA) has accepted a settlement agreement with online investment management firm Wealthsimple Advisor Services Inc. for the latter’s failure to ensure potential clients had consented to disclosure of their confidential information to an affiliated company....