IIROC is the only regulator in Canada that protects investors in "real time". During trading hours, our surveillance officers monitor every single equities trade as it occurs to ensure compliance with the securities trading rules. If a rule breach is detected, IIROC can reverse the trade immediately.

Our highly experienced team of surveillance experts continuously monitors company news, stock charts, chat room activity and other sources to identify potential trading violations. We have a dedicated surveillance facility with state-of-the-art systems and software that comprise extremely advanced mathematical algorithms that detect even the subtlest price or volume anomalies in any stock's trading pattern. These changes trigger alerts, which direct our surveillance officers to assess the situation.

In cases where market activity has been influenced by rumors or other information, IIROC may ask the involved company to issue a clarifying statement to the public. If trading is occurring in potential violation of the securities trading rules, or illegal insider trading is suspected, the matter will be referred to IIROC Trading Review & Analysis.