To be clear, I don't agree with the law I bring up in this post at all. I am simply reporting the fact that violations are a dime a dozen. If Wealthsimple trips over them, you can imagine how easy it is for smaller players to be offside.
So Wealthsimple is offering financial planning services in Quebec without the appropriate license. Quebec is fairly unique in requiring anyone offering financial planning services to hold a license issued by the financial regulator. I have checked and Wealthsimple does not hold this particular license with Quebec's securities regulator.