Leo Purcell is the founder of Comarm Solutions, a consulting services firm that advises clients in the area of compliance and regulation for the investment industry. Comarm’s team is comprised of senior compliance experts who advise and support investment firms, law firms, securities regulators, and other investment industry participants. Our offices in Toronto and Vancouver serve clients across Canada.
Leo has over twenty-five years’ experience in the investment industry in a variety of risk management and compliance roles. Prior to Comarm, Leo held roles as Chief Compliance Officer for Richardson GMP Limited, Chief Compliance Officer for GMP Private Client L.P, and Vice President, Compliance for GMP Securities L.P. Over the years, he held other compliance roles with both large and small investment firms, and he spent three years as a regulator with IIROC.
Leo has presented to the investment industry on a variety of topics, such as: Conflicts of Interest, Anti-Money Laundering; Gatekeeper Obligations; Compliance Training for Investment Dealers; and the Role of Research Analysts in the Due Diligence Process.
Day 1: Jun 17, 2020
2:30 pm
2:30 pm
Compliance Officers’ Panel: How to Implement the New Client-Focused Reforms
With the impending changes to determining and documenting suitability coming into effect under Client-Focused Reforms, all regulated firms must bolster their oversight of how registrants deliver advice. Craft a new model for advice, suitability, KYP and KYC guidelines through a more focused oversight model. Take away practical strategies and solutions to:
- Ensure registrants are knowledgeable about the securities invested in by clients
- Create training and recordkeeping processes tied to KYP expectations
- Monitor and confirm that the client’s interests are put first
- Understand how different firms (EMDs and PMs) apply these rules to their businesses
- Determine the nuanced rules which may be different for institutional permitted clients
Meet your upcoming compliance obligations with respect to suitability, KYP and KYP changes
Day 2: Jun 18, 2020
