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CBC Go Public:

Published by on

"I was forced to lie to clients....."

 

"....zero focus on ethics"

 

CBC issued a report on their program Go Public on this subject. See link. Since then CBC has received hundreds of e-mails and phone calls from across the country from current and former employees of the other major banks with similar stories.

 

It is summed up in one word....greed. This among other things is the reason as well that so many Investment Advisors are leaving the bank owned dealers and either exiting the business entirely or moving to independents (i.e. those without bank branches)

 

This is shameful practice on the part of the banks. You will hear more about this in the coming weeks.

 

http://www.cbc.ca/news/business/td-bank-employees-admit-to-breaking-law-1.4016569