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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (4072)	4/13/2000 12:41:00 AM
From: Stephen Bedingfield	Respond to of 4467

Question regarding the "Know Thy Client" rule: all this seems to be changing where "'relief from suitability obligations' will be granted on an application basis to securities dealers who only provide trade execution services for their clients." investment.com What about brokers like Schwab Canada which offer both self-managed and advisory services? In fact, with Schwab one can opt-in to the advisory service on a per transaction basis. Does the above criteria mean that Schwab will not be allowed the lift the KYC for their self-managed customers? Phoned Schwab today to ask about the situation (i thought they were supposed to be good...): the agent actually said he wasn't aware that the KYC rule was a concern of clients and the discount brokers, and he didn't realize that the discounters had been lobbying the regulators. Any thoughts? stephen