FINANCE

Canada’s securities commissions are introducing new rules to govern the sale of derivatives such as interest-rate swaps as part of a global effort to bring more oversight to a murky and largely unregulated segment of...
The Ontario government has received praise from the Investment Industry Regulatory Organization of Canada (IIROC), CARP and Prosper Canada, for proposing legislative amendments aimed at protecting investors in Ontario from abuse. The government is proposing legislative...
New legislation in Ontario is expected to improve financial service regulators' ability to collect fines levied against unscrupulous advisers, but an investor advocacy group says the majority of rule-breaking advisers will still likely never pay. Ontario...
The Ontario government announced measures on Friday aimed at protecting investors from unethical advisers and enhancing oversight of the financial-services industry. Legislation will be proposed giving industry regulators the right to enforce disciplinary action and fines...
On March 6, 2017, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) accepted a Settlement Agreement, with sanctions, between IIROC staff and Sasha Jacob. Mr. Jacob admitted that he failed to supervise...
There's evidence to suggest investment dealers are stepping up their hiring practices, according to a new report from the Investment Industry Regulatory Organization of Canada (IIROC) on exemption activity The report details the exemption requests that...
The Investment Industry Regulatory Organization of Canada (IIROC) has published the latest edition of its proposed plain language rulebook for a second round of comments. IIROC began a project to rewrite its dealer rules in plain...
An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has accepted a settlement with Scotia Capital Inc. that will see the firm pay $175,000 after admitting it failed to properly supervise Krishna Sammy, a...
The Investment Industry Regulatory Organization of Canada (IIROC) has issued new guidance for firms on supervising employees who work from home as the investment advisor workforce becomes increasingly mobile and flexible. IIROC is increasingly seeing advisors… Read...
The Canadian Securities Administrators (the “CSA”) recently released their 2016 Enforcement Report (the “Report”) which highlights actions taken by the CSA across Canada.  The Report was summarized by the Chair of the CSA as follows: The...