LEGAL & DISCLAIMERS
By accessing and using this website, you agree to the terms and conditions set out on this page. If you do not agree with these terms and conditions, please do not use this website.
The contents of this website are provided for information purposes only and are not intended to be specific advice for any person. You are advised to consult a qualified professional advisor on your circumstances.
The information on this website is believed to be correct when posted. Although we will try to update the information as necessary, we cannot guarantee that the information always continues to be correct and current.
This website does not constitute as an offer or solicitation to sell the products and services described.
Third Party Links
Links to other websites are provided only for your convenience and do not constitute the endorsement of products or services that may be described on a linked website. Agora Dealer Services Corp. does not control the content of those websites and is not responsible for the information, or for any inaccuracies in the information, on a link website. The respective owner of each linked website is responsible for the content of the website, and Agora Dealer Services Corp. cannot provide assurance that a linked website will be free of malware (viruses, worms, trojan horses, etc.). Clicking a link to another website is at your sole risk and Agora Dealer Services Corp. is not responsible or liable for any damages from doing so.
Conflicts of Interest
The Canadian Securities Administrators has developed new regulations known as, Client-Focused Reforms, that come into effect this year (2021). The purpose of these reforms is to bring a heightened and more prescriptive focus on certain compliance activities such as reporting and record-keeping.
The first of these enhanced compliance requirements, Conflict of Interest, applies to all registered Advisors and took effect June 30, 2021. Below is the Agora Dealer Services Corp. (“ADSC”) Conflict of Interest disclosure for clients that outlines how conflicts must be avoided, identified, documented, and remediated.
A conflict of interest includes any circumstance where the interests of the dealer are divergent from or is placed above that of the client.
Generally, a conflict of interest is material if the conflict may be reasonably expected to influence either your decisions as a client, or your dealer/representative’s recommendations, or decisions in the circumstances.
It’s possible that conflicts of interest may arise when conducting business with our clients. In the event such a conflict arises, we will immediately advise our Introducing Dealer in writing of the conflict and will ensure that the conflict is addressed in a way that is in the client’s best interest.
This conflict disclosure will:
- Specify the nature and extent of the conflict of interest
- Identify the potential impact and risk that it may pose to the client
- Indicate how the conflict has been or will be addressed
ADSC must comply with the legislative requirements regarding any conflicts of interest that arise while performing activities as a mutual fund dealer. ADSC must ensure that any actual or potential conflict of interest is promptly disclosed to the client.
ADSC must address material conflicts of interest by either avoiding those conflicts or by using controls to mitigate those conflicts sufficiently so that the conflict is addressed in the client’s best interest.
Role of Agora
ADSC, as a Carrying Dealer, is responsible for trade execution and for the settling of trades (both of which our Introducing Dealer may do in certain circumstances) and custody of client cash and securities.
ADSC is responsible for issuing account statements and trade confirmations and for most tax reporting. Nevertheless, for mutual fund transactions, ADSC relies on the manager of the mutual fund to issue trade confirmations as permitted by the Mutual Fund Dealers Association Rules. ADSC does not give investment advice and does not determine the suitability of client investments and is not responsible for and does not supervise any investment advice given to clients by their advisor or dealer. Also, ADSC is under no duty to evaluate the appropriateness, accuracy or quality of any instructions received by clients, their advisor, or employer for group accounts. Please contact your advisor or dealer to learn more about how they manage of conflicts of interest.