The MFDA continues to examine conflicts of interest and incentive practices that advisors receive from fund companies due to concerns that incentives (promotional items, events, meals) have the potential to influence the behavior of advisors and lead to unsuitable advice.

In order to support its supervision of conflicts of interest with respect to promotional activities, HUB Capital (“HCI”) is required to have policies and procedures in place to establish reasonable thresholds, maintain records of promotional activity occurring with its advisors, and conduct periodic reviews of the quantum and nature of the promotional activities. We have developed a spreadsheet and ask that you use this to record your promotional items received and activities attended in a consistent format that we could easily consolidate for head office supervision and reporting.

Please see here for HCI’s policies, procedures, and promotional activity thresholds.

Thank you,

Cheryl Hamilton
Vice President Risk Management and Chief Compliance Officer