THE Securities Commission is seeking to implement regulations mandating that investment advisors who provide brokerage services obtain professional indemnity insurance, ensuring there is a "consistent regulatory approach" relative all firms providing broker-dealer services.
Laverne Thompson, manager of the Securities Commission's authorisation department, told Tribune Business yesterday: "The current legislation does not require investment advisors to obtain indemnity insurance, and this creates a regulatory gap between broker/dealers and security investment advisors providing broker/dealer services.
"To that end the recent ...
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