IIROC settles with Credit Suisse Securities

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, which includes sanctions, between IIROC staff and Credit Suisse Securities (Canada) Inc. In this agreement, Credit Suisse admits that it violated the Universal Market Integrity Rules (UMIR) by failing to comply with its trading supervisory obligations. The firm […]

By Staff |February 2, 2011

2 min read

“I own what?” Get ready for income trust confusion

Just a warning to the IIROC-licensed advisors out there whose clients held onto their income trust holdings: You might get some confused phone calls the next time client statements go out. No doubt you explained to clients long ago that most of their income trusts would convert to corporate structures by January 1, 2011. Less […]

By Steven Lamb |January 7, 2011

1 min read

IIROC disciplines Blackmont, Duke

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has found that Blackmont Capital Inc. and Dean Shannon Duke violated IIROC rules related to business conduct and unauthorized trading in client accounts. The panel’s full Reasons for Decision are available on the IIROC website. A separate hearing will be scheduled to determine […]

By Staff |September 29, 2010

2 min read

IIROC steps up market surveillance

The Investment Industry Regulatory Organization of Canada (IIROC) is bolstering its market monitoring capability by introducing a single-window surveillance system for all equity markets in Canada. The Surveillance Technology Enhancement Platform (STEP) gives IIROC the ability to conduct cross-market surveillance and can currently process up to 400 million trades, orders, quotes and cancellation messages per […]

By John Powell |September 29, 2010

1 min read