Scotia Securities Inc. Legal Disclosures

Scotia Securities Inc. as a Mutual Fund Dealer

Scotia Securities Inc. is a mutual fund dealer and is a corporate entity, separate from, although wholly-owned by, The Bank of Nova Scotia ("Scotiabank"). ScotiaFunds are managed by 1832 Asset Management L.P. and are available from Scotia Securities Inc. 1832 Asset Management L.P. is a limited partnership the general partner of which is wholly-owned by Scotiabank.

Important information about each mutual fund is contained in its Simplified Prospectus, which you should read carefully before investing.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation (CDIC) or any other government deposit insurer. Scotia Securities Inc. accounts, except accounts held by residents of Quebec, are eligible for protection by the Mutual Fund Dealers Association of Canada Investor Protection Corporation. For funds other than money market funds, unit values change frequently. There can be no assurance that money market funds will be able to maintain their net asset value per unit at a constant amount or that the full amount of your investment in a money market fund will be returned to you. Past performance may not be repeated.

When you purchase mutual funds or other investments or services through or from Scotia Securities Inc., you are dealing with employees of Scotia Securities Inc. Scotiabank may also employ these individuals in the sale of other financial products and services. Activities conducted solely on behalf of Scotiabank are not the business or responsibility of Scotia Securities Inc.

Scotia Securities Inc. is committed to providing you with high quality advice and service intended to assist you in meeting your financial objectives. In order to do that, we must under regulatory requirements obtain information from you about your income, net worth, investment objectives, investment knowledge, risk tolerance and investment time horizon. You need to promptly advise us if there has been material change to any of the information previously provided. Based on what you have told us, we provide investment advice and recommendations intended to help you achieve your investment goals. While we will provide you with advice and recommendations, you must make the decision on what actions are to be taken and provide your specific authorization for each investment transaction.

When you open a Scotia Securities Inc. account, you are expected to make full payment for purchases on or before the regular settlement date. Regular settlement date means the settlement date generally accepted according to industry practice for the relevant investment in the market in which the transaction occurs, specified in your trade confirmation. The normal settlement date is the following number of business days after the transaction date:

  • Cash and GICs - Same day as the transaction takes place
  • Money market/cash equivalent mutual funds and mutual fund switches within the same fund family - One business day after transaction date
  • All other mutual funds - Three business days after the transaction date

Scotia Securities Inc. will not open accounts for non-residents of Canada or minors.