IIROC

RBC advisor hid accounts at other firms: IIROC

Toronto RBC Dominion Securities advisor Roland Papp maintained multiple brokerage accounts outside of his firm without its knowledge, and that he made untrue and misleading statements in an attempt to conceal his misconduct.

By Staff |October 28, 2016

1 min read

‘Death by a thousand cuts’ for independent IIROC firms?

The number of firms registered to trade securities has continued to fall, reaching 167 this month. And one industry group predicts an additional decline of 50 more investment houses over the next few years. IIROC, the self-regulatory group that registers securities dealers and dealer firms, tells Advisor.ca the number of regulated firms is down from […]

By Simon Doyle |October 20, 2016

3 min read

IIROC looking at short-selling transparency

The Investment Industry Regulatory Organization of Canada will review the reporting of short-selling activity after hearing concerns about small-cap issuers. IIROC published the plans in a summary of comments received at a roundtable discussion of market structure issues affecting small-cap names. The regulatory body said it will review the requirements and frequency of reporting of […]

By Staff |October 20, 2016

1 min read

Ontario and N.B. have highest rates of outstanding IIROC fines

As the country’s biggest province, it’s no surprise that Ontario has the most IIROC registrants and the most fines outstanding since 2008—$18 million as of June 30, 2016. But what may be surprising is that Ontarians owe more than their share of the national fines outstanding to IIROC: Ontario’s fines are 62% of the national […]

By Melissa Shin |October 13, 2016

1 min read