IIROC

Regulators focus on cybersecurity

01 CSA staff notice 51-347: Disclosure of cybersecurity risks and incidents As business dependence on technology rises, so does business risk. A 2016 Ponemon Institute study found the average cost of a data breach is US$4 million. Businesses “are being encouraged, guided and compelled, in some instances, to try to manage those risks in meaningful […]

By Michelle Schriver |March 24, 2017

4 min read

Jacob Securities head fined $100,000, suspended 3 years

On March 6, 2017, an IIROC hearing panel fined and suspended Sasha Jacob. Jacob admitted he failed to supervise the activities and individuals at his then member firm, Jacob Securities Inc. Specifically, Jacob admitted to the following violation: From November 2013 to December 2015, as ultimate designated person (UDP) at Jacob Securities Inc., he failed […]

By Staff |March 13, 2017

1 min read

Scotia Capital fined for failure to supervise

On February 14, 2017, an IIROC hearing panel accepted a settlement agreement, with sanctions, between IIROC staff and Scotia Capital Inc. IIROC says Scotia Capital admitted that it failed to properly supervise the conduct of Krishna Sammy, a portfolio manager at DWM Securities, to ensure compliance with the dealer member rules. Pursuant to the settlement […]

By Staff |February 22, 2017

1 min read

Working from home? IIROC’s watching

Reading this in your pyjamas? Your home might be considered a business location.

By Staff |February 15, 2017

2 min read