Toronto - Distributors of mutual funds face more scrutiny, higher costs and stricter rules as a result of recent moves by Canadian regulators to increase consumer protection and standardize the rules governing the firms and individuals who sell these products.

Speaking at the Investment Funds Institute's annual conference in Toronto last month, Larry Waite, chief operating officer of the Mutual Fund Dealers Association, told industry delegates that all mutual fund dealers are expected to be members of a self-regulatory organization by the spring of 2000.

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