Discount Brokerages and Nathan Denette

cibc: The lawsuit against CIBC alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid, according to The Toronto Star. Nathan Denette / THE CANADIAN PRESS file photo The allegations have not been proven in court. The lawsuit alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid. The case filed by Siskinds LLP and Bates Barristers PC seeks compensation for those investors. Article Continued Below The firms have proposed a class-action case against Scotiabank's 1832 Asset Management LP as well as another against TD Asset Management Inc., the trustee and manager of TD mutual funds. Siskinds and Bates Barristers have filed two other similar cases related to trailing commissions on mutual funds sold through the discount brokerage channel. (news.financializer.com). As reported in the news.