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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,720,475,111
Close 2025-07-08 C$ 101.40
Market Cap C$ 174,456,176,255
Recent Sedar Documents

Globe says OSC, CIRO eye sales pressures at TD, rivals

2025-07-09 08:41 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Wednesday, July 9, edition that a review of Canada's Big Five banks found that mutual fund advisers face pressure to meet sales targets, potentially leading to offerings that are not in clients' best interests. The Globe's Clare O'Hara writes that on Wednesday, the Ontario Securities Commission and the Canadian Investment Regulatory Organization reported some positive findings regarding the sales culture at Canadian banks but identified several concerns. The survey examined sales pressures, product availability, advisers' knowledge and bank compensation models. The OSC and CIRO found that 24 per cent of mutual fund sellers said clients are sometimes recommended products not in their interests, while 33 per cent reported clients receive incorrect information about those products. OSC chief executive Grant Vingoe said: "While it's clear many bank representatives are prioritizing quality advice, it is also clear that sales pressures and incentivization may be driving concerning behaviours. The focus of the bank representatives should be the best interests of their customers and clients -- not feeling heightened pressures to meet sales targets."

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