The Investment Industry Regulatory Organization of Canada has released its third annual enforcement report.
The report shows that, in 2014, IIROC imposed fines of $3 million against individuals, and of $224,000 against registered firms. It also:
- completed 174 investigations;
- prosecuted 47 individuals and 10 firms;
- suspended and/or terminated 4 firms, and suspended 21 individuals; and
- permanently barred 8 individuals from working at an IIROC-regulated firm in a registered capacity.
Advisor.ca –Â March 31, 2015
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