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Financial and Operations Advisory Section



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Reports To

Member Regulation Policy

 


 

Specific Responsibilities

The Section advises on the development of rules and policies on financial and operational related matters affecting Dealer Members, And, it provides a forum for the exchange of information on complying with IIROC and other requirements that relate to financial and operational related matters.

The Section is responsible for organizing seminars (including the annual Financial and Operations Advisory Section Conference) on financial, operations and general securities industry issues to assist in educating IIROC-regulated persons.

 


 

Membership

Membership in the Section is restricted to senior financial and operations officers or other persons having similar responsibilities, regardless of title who are employed by Dealer Members or Marketplace Members.

Standing Members are:

  • President (or another officer of IIROC designated by the President)

  • Chair of the Board (or another member of the Board designated by the Chair of the Board)

Liaison Officers: Liaison officers shall be appointed by the Section to represent: (1) The Bourse de Montreal, (2) Canadian Depository for Securities, (3) FundSERV Inc., (4) The Canadian Derivatives Clearing Corporation, and (5) The Canadian Investor Protection Fund.

 


 

Term

No term or limit on the number of terms

 


 

Nominating Process

Each Member shall be permitted to nominate a maximum of three persons for membership in the Section, providing they meet the membership requirements. Where a Member has nominated either two or three persons to be members of the Section, one of the nominations must be designated as the "Primary Member" and the other nomination(s) must be designated as the "Alternate Member(s)".

 


 

Appointment Process

The Vice-President, Member Regulation Policy will review all nominees and recommend appointments. The Senior Vice-President, Member Regulation will approve the appointments to the Section.

 


 

Show of Support

Each Member with members in the Section shall be entitled to one (1) show of support at the Section's meetings; provided that if any two (2) or more Members are affiliates of each other, such Members shall jointly be entitled to one (1) show of support at the Section's meetings. The individual chairing the Section meeting (the Chair, Vice-Chair or his or her designate) shall only vote in the case of a tie vote.

 


 

Chair and Vice-Chair

The Chair and Vice-Chair of the Section shall hold office for a two-year term commencing on the date of the Section Annual Meeting of the relevant year. In order to ensure continuity, the Vice-Chair will assume the role of Chair of the Executive Committee for the subsequent two-year period.

 


 

Meeting Schedule

The Section will meet a minimum of three times annually at the request of the Vice-President, Member Regulation Policy. Special meetings may be called at the request of the Chair, the Senior-Vice President, Member Regulation or the President and CEO.

 


 

Executive Committee

The Section shall be governed by an Executive Committee comprised of the Chair and Vice-Chair of the Section, with up to 13 additional members. Only one person from each member may sit on the Executive Committee for the subsequent two-year period.

Chair and Vice-Chair: The Chair and Vice-Chair of the Section shall be the same individuals and be subject to the same term limits as the Chair and Vice-Chair of the Section, respectively.

A Nominating Committee comprised of the Chair and Vice-Chair shall submit to the Section Annual Meeting a list of persons that it recommends serve on the Executive Committee. In determining its recommended list of persons the Nominating Committee shall ensure that there is equitable representation on a geographic (regional versus national dealers), business line (institutional versus retail, debt versus equity versus derivatives) and business size (small, medium and large sized firms) basis.

Appointment Process: The Vice-President, Member Regulation Policy will review all nominees and recommend appointments to the Senior Vice-President. The Senior Vice-President, Member Regulation will approve the appointments to the Executive Committee.

 


 

Sub-Committees

Standing Sub-Committees may be established at the initiative of IIROC with input from the Executive Committee.

Appointment Process: The Vice-President, Member Regulation Policy will review all nominees and recommend appointments to the Senior Vice-President. The Senior Vice-President, Member Regulation will approve the appointments to the Sub-Committee.

 


 

Executive

  
Robert Sellars, ChairDundee Securities Ltd.
Douglas BennettEdward Jones
Holly BensonPeters & Co. Limited
Ed CharronGMP Securities L.P.
Lloyd CostleyRaymond James Ltd.
Charlena GaulinCIBC Client Services
Jeff KennedyCormark Securities Inc.
Mario MerolaNational Bank Financial Inc.
Ernie Nichiporik 
Nancy PeckAltaCorp Capital Inc.
Tino PerciballiBMO Nesbitt Burns Inc.
Dean PercyQuestrade, Inc.
Nevio RafaelicRBC Dominion Securities Inc.
Michael WardParadigm Capital Inc.
Ronald WhiteFidelity Clearing Canada ULC
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Marsha Gerhart, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Primary Members

  
Robert Sellars, ChairDundee Securities Ltd.
Rodney AncrumCredential Securities Inc.
James AndrewsIndustrial Alliance Securities Inc.
Jean-Paul BachelleriePI Financial Corp.
Douglas BennettEdward Jones
Holly BensonPeters & Co. Limited
Terry BourneCanaccord Genuity Corp.
Marian BuklisAcker Finley Inc.
Myra CameronGravitas Securities Inc.
Benoit CarignanSociété Générale Capital Canada Inc.
Massimo CeschiaScotia Capital Inc.
Ed CharronGMP Securities L.P.
Sara CollinsJ.P. Morgan Securities Canada Inc.
Jennifer CooperIntegral Wealth Securities Limited
Helen CorriganRothenberg Capital Management Inc.
Lloyd CostleyRaymond James Ltd.
Curt CummingGoodwood Inc.
Jim DaleLeede Jones Gable Inc.
Gregory DaviesITG Canada Corp.
Peter DeebHampton Securities Limited
Sesto DeLucaW.D. Latimer Co. Limited
Robert DoreyLombard Odier Securities (Canada) Inc.
Julie DrouinMirabaud Canada Inc.
Louise DuchesneLightyear Capital Inc.
Charles DunlapHaywood Capital Markets
Christopher GageCredit Suisse Securities (Canada), Inc.
Charlena GaulinCIBC Client Services
Douglas GloverEchelon Wealth Partners Inc.
Robert GoldbergCaldwell Securities Ltd.
David GynnDeutsche Bank Securities Limited
David HanslipUBS Securities Canada Inc.
Donald HarringtonMackie Research Capital Corporation
Robb HindsonLeede Jones Gable Inc.
Sindy JaggerK.J. Harrison & Partners Inc.
Pauline JarryMaison Placements Canada Inc.
Jeff KennedyCormark Securities Inc.
Edward KholodenkoQuestrade, Inc.
Kenneth KlepackiInstinet Canada Limited
Michael KonopaskiAligned Capital Partners Inc.
Frank LaferriereMandeville Private Client Inc.
Patrick LillyDominick Capital Corporation
Jason MacKeyHampton Securities Limited
Myja MillerAcumen Capital Finance Partners Limited
Bryan MoffittFidelity Clearing Canada ULC
Tom MonahasClarus Securities Inc.
Sheri MouawadCanadian ShareOwner Investments Inc.
Ernie Nichiporik 
Karen O'ConnorSandstone Asset Management Inc.
Gaston OstiguyPEAK Securities Inc.
Peter PacholkoOdlum Brown Limited
Bernice PangMorgan Stanley Canada Limited
David ParsonsPictet Canada L.P.
Francesco PasinJitneyTrade Inc.
Sylvain PayetteRenaissance Capital Inc.
Nancy PeckAltaCorp Capital Inc.
Sonia PedersonNasdaq CXC Limited
Tino PerciballiBMO Nesbitt Burns Inc.
Cliff PereiraChippingham Financial Group
Andrew QuinnQtrade Securities Inc.
Kenneth RedpathMarketAxess Canada Company
Sebastien ReneNational Bank Financial Inc.
Craig SchleyerAligned Capital Partners Inc.
Michel SevignyDesjardins Securities Inc.
Andre SianPACE Securities Corp.
Barbara SimpsonRogers Group Investment Advisors Ltd.
Jane SmithAssante Capital Management Ltd.
Lynn StibbardHarbourfront Wealth Management Inc.
Stephen StobieCitigroup Global Markets Canada Inc.
Brian UrquhartElectronic Transaction Clearing Canada, Inc.
Peter VirvilisHaywood Securities Inc.
Michael WardParadigm Capital Inc.
John WebsterQueensbury Securities Inc.
Gordon WeirMerrill Lynch Canada Inc.
Simon WitneyCanaccord Genuity Corp.
Stephen ZaminCitadel Securities Canada ULC
André ZangaCasgrain & Company Limited
Stefano ZulianiGoldman Sachs Canada Inc.

Alternate Members

  
Govind AchyuthanAcumen Capital Finance Partners Limited
Joya BabaGlobal Securities Corporation
Noah BillickRaymond James Ltd.
Bob BishopCIBC Client Services
Rob BlanchardHaywood Capital Markets
Sébastien BORGOGNONPictet Canada L.P.
Tom BrownQueensbury Securities Inc.
Douglas ButtersMerrill Lynch Canada Inc.
Brian CalvertRBC Dominion Securities Inc.
Pamela ClarkeJ.P. Morgan Securities Canada Inc.
Christopher CollinsonManulife Securities Incorporated
Adam ConradLeede Jones Gable Inc.
David CussonEchelon Wealth Partners Inc.
Edite Das Neves 
Cecile dela CruzNational Bank Financial Ltd.
Wesley DiongCumberland Private Wealth Management Inc.
Mike DobbinMandeville Private Client Inc.
Ann DriscollPeters & Co. Limited
Christopher EnrightAligned Capital Partners Inc.
Sam FarrellCredit Suisse Securities (Canada), Inc.
Judith Foster 
Mario FrankovichIndustrial Alliance Securities Inc.
Christine FulsangK.J. Harrison & Partners Inc.
Iryna Goulet 
Len GrayITG Canada Corp.
MICHAEL GREERAligned Capital Partners Inc.
Karly HealeyCormark Securities Inc.
Jennifer HeibeinTD Securities-Toronto-19th Floor - 66 Wellington Street West
Helen HsiaCanadian ShareOwner Investments Inc.
Neal HsiehQuestrade, Inc.
Andrew KerrisonQuestrade, Inc.
Dan KessousNasdaq CXC Limited
Alain LegrisNational Bank Financial Inc.
James LexovskyRichardson GMP Limited
David LuGF Securities (Canada) Company Limited
Bob MarkovskiBMO Nesbitt Burns Inc.
Charles MartelCIBC World Markets Inc.
Anne MeyerRaymond James Ltd.
Andrew MurrayPI Financial Corp.
Kevin NicholsHSBC Securities (Canada) Inc.
Kondelo PapadakisMerrill Lynch Canada Inc.
Dean PercyQuestrade, Inc.
Patrick PrimeranoNBCN Inc.
Robert PujoRBC Dominion Securities Inc.
Nevio RafaelicRBC Dominion Securities Inc.
Tracey RandellTD Wealth Management
Predrag Risticevic 
Mohammad Salam 
David Schnarr 
Bruce Seago 
Michelle SemotiukCIBC World Markets Inc.
Steven SomodiMandeville Private Client Inc.
Rose SpensieriState Street Global Markets Canada Inc.
Deborah StarkmanGMP Securities L.P.
Joanne TayMorgan Stanley Canada Limited
Irina UrshonTD Bank
Kambiz Vatan-AbadiBBS Securities Inc.
Andrew VlasmanCIBC World Markets Inc.
Bruce WetherlyBeacon Securities Limited
Ronald WhiteFidelity Clearing Canada ULC
Thomas WhiteCredential Securities Inc.
Julie WigleyOmniVita Custom Wealth Management Inc.
Christopher WilkinsonTD Securities Inc.
Helen WilliamsMorgan Stanley Canada Limited
Andrew WoodsCredit Suisse Securities (Canada), Inc.
Thomas WuIntegral Wealth Securities Limited

Capital Formula

  
Robert Sellars, ChairDundee Securities Ltd.
Holly BensonPeters & Co. Limited
Massimo CeschiaScotia Capital Inc.
Jean-Francois HamelTD Waterhouse Canada Inc.
MYLA HARTMerrill Lynch Canada Inc.
Karly HealeyCormark Securities Inc.
Kenneth Lo 
Kenneth LoRBC Capital Markets
Bob MarkovskiBMO Nesbitt Burns Inc.
Mario MerolaNational Bank Financial Inc.
Anne MeyerRaymond James Ltd.
Andrew MurrayPI Financial Corp.
Dean PercyQuestrade, Inc.
Deborah StarkmanGMP Securities L.P.
Alex TaylorCIBC World Markets Inc.
Michael WardParadigm Capital Inc.
Ronald WhiteFidelity Clearing Canada ULC
Donna YiuCanadian Investor Protection Fund
André ZangaCasgrain & Company Limited
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Bruce Grossman, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Mindy Kwok, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Ciro Mirabella, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Louis Piergeti, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Answerd Ramcharan, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Contingency Planning

  
Dave Persaud, ChairBMO Nesbitt Burns Inc.
Alejandro Avella 
Ed CharronGMP Securities L.P.
Stuart CollinsCIBC World Markets Inc.
Elaine ComeauNational Bank of Canada
Darren Kwok 
Grazyna MalasTD Bank
Janet ManskePeters & Co. Limited
Paul StapletonGuardian Capital
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Insurance

  
Tom Monahas, ChairClarus Securities Inc.
James AndrewsIndustrial Alliance Securities Inc.
Paul BaldassariTD Bank
Mario FrankovichIndustrial Alliance Securities Inc.
Stephen Gerry 
Maysar Al-Samadi, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Tammy Smith, SRO RepresentativeCanadian Investor Protection Fund

Mutual Funds Dealers

  
Karen Grant, Co-ChairRBC Dominion Securities Inc.
Allan Knight, Co-ChairEdward Jones
Steve BraugirouxBMO Nesbitt Burns Inc.
Michael BrownRaymond James Ltd.
William BryceScotia Bank
Braunwyn CurrieTD Bank
Cecile dela CruzNational Bank Financial Ltd.
Joe MoronitiCIBC Investor Services Inc.
Jane SmithAssante Capital Management Ltd.
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Marsha Gerhart, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Bruce Grossman, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Operations

  
Michelle Semotiuk, ChairCIBC World Markets Inc.
Elia AzarRBC Investments
Holly BensonPeters & Co. Limited
Douglas ButtersMerrill Lynch Canada Inc.
Ed CharronGMP Securities L.P.
Dianne DuffyMorgan Stanley Canada Limited
Rosie JacksonRichardson GMP Limited
Andrew KerrisonQuestrade, Inc.
Adam LaKoseGoldman Sachs Canada Inc.
Bryan MoffittFidelity Clearing Canada ULC
Peter PacholkoOdlum Brown Limited
Tino PerciballiBMO Nesbitt Burns Inc.
Nevio RafaelicRBC Dominion Securities Inc.
Tracey RandellTD Wealth Management
Sonia SbarraNBCN Inc.
Patrick SinghCredential Securities Inc.
Kamran VafaeiScotia Capital Inc.
Simon WitneyCanaccord Genuity Corp.
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Marsha Gerhart, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Charles Piroli, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Rose Rajaram, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Answerd Ramcharan, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
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