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I have been arguing with my broker over the administrative fees charged. Can the Superintendent of Securities help?

April 26, 2017administrative arguing broker charged fees help securities Superintendent

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I have been arguing with my broker over the administrative fees charged. Can the Superintendent of Securities help?

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No. In general, unresolved disputes over fees must be dealt with privately. Regulatory bodies such as the Superintendent of Securities, TSE and IDA do not have the jurisdiction to set or dispute administrative-type fees. Administrative fees are a contractual issue between you and your broker. You should discuss such fees with your broker before doing business. Administrative fees are typically outlined in your account documentation.