Regulators team up on The List

By Staff | March 29, 2011 | Last updated on March 29, 2011
1 min read

Canada’s regulators have teamed up to launch an expanded list of advisors who have faced disciplinary actions.

The CSA has hosted a Disciplined Persons List on its website since 2009, tracking discipline meted out by provincial securities regulators. The list has now been expanded to include advisors disciplined by IIROC or the MFDA, dating back to 2004.

“The expanded disciplined persons list is intended to assist the public and the securities industry in conducting due diligence when presented with investing opportunities,” said Bill Rice, chair of the CSA, and chair and CEO of the Alberta Securities Commission. “Working with IIROC and the MFDA, we have proactively established a central, online location to make it easier to perform a comprehensive search of our disciplined persons.”

Sanctions imposed by securities regulators in Canada are already matters of public record. With the creation of this improved disciplined persons list, individuals who have been subject to sanctions, no matter how serious, imposed by any securities regulator, IIROC or the MFDA, can now be found and searched in one central location online.

“We have heard from investors that it was frustrating to have to search multiple disciplinary lists and databases,” said Susan Wolburgh Jenah, president and CEO of IIROC. “This is an improvement for investor protection.” staff


The staff of have been covering news for financial advisors since 1998.