Mutual Fund Dealers Association of Canada (MFDA)
The Mutual Fund Dealers Association of Canada (MFDA) is the self-regulatory organization (SRO) for mutual fund dealers in Canada. The MFDA protects investors through the enforcement of the MFDA's By-laws, Rules and Polices.
Choosing the right investment advisor is an important decision that investors must make in managing their personal finances. In Canada, anyone trading securities or in the business of advising clients on such securities must be registered with the provincial or territorial securities regulator, unless an exemption applies.
Individuals selling mutual funds must be registered and licensed.
Through the MFDA website you can verify that an Advisor is registered and licensed and in good standing with the MFDA. You can also check to see if the Advisor has any complaints or disciplinary actions against them.