Know your advisor

Client and dealer responsibilities

Be involved: keep track of your investments, ask questions and learn more about investing.
Communicate clearly and honestly with dealers and advisors so they understand your financial circumstances, investment objectives and experience.
Be realistic in your expectations of profit and know the risks.
Read any offering documents you get regarding your investment (such as a prospectus or offering memorandum).
Read and retain your confirmation slips and statements of account, as well as notes of conversations between you and your dealer or advisor.
Ask questions about the things that you do not understand and tell them about any errors or problems with your account right away.

Be competent and ethical and act in your best interests at all times.
Deal with you fairly, honestly and in good faith.
Know your investment needs and objectives.
Make recommendations consistent with your investment needs and objectives.
Disclose the risks of any recommended investments.
Disclose any conflicts of interest with any recommendations to you.
Give you prompt written confirmation of trades made for you with details of the value of the transaction as well as the commissions or fees charged to you.
Give you regular statements of accounts detailing the transactions in your accounts, the fees charged and the securities held on your behalf.
Get your express authorization in advance of every trade made on your behalf (unless you have given them written trading authority or power of attorney).