Siskinds LLP’s Mutual Fund Fees class action lawsuit was mentioned in an article by the Financial Post. The lawsuit concerns trailing commissions paid to discount brokers by investors in mutual funds. It is alleged that these brokers are not permitted to provide investment advice, meaning investors may be receiving no value for the commissions they pay. The class action has resulted in a proposed $70.25 million settlement with TD Asset Management, which covers investors who held units of a TD mutual fund trust through a discount broker on or before September 11, 2024. The settlement is subject to approval by the Ontario Superior Court of Justice.