Conduct, Compliance, and Legal Advisory Section (CCLS)

A key component of an effective self-regulatory organization is the development of rules with policy committee involvement. Policy staff perform the key role of coordinating the rule development process in consultation with the appropriate committees.

Reports To

Member Regulation Policy


Specific Responsibilities

The Section advises on the development of rules and policies on business conduct, enforcement, and registration 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 business conduct, enforcement, and registration related matters.


Membership

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

Standing Members:

  • 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: A liaison officer shall be appointed by the Section to represent the Bourse de Montreal and 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 have a show of support in the case of a tiee.


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 Bi‑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, who are members of the Section.

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

Name Organization
Jehred Ross, Chair Scotia Capital Inc.
Joe Bajic CI Investment Services Inc.
Amanda Bateman Edward Jones
Lou D’Souza CIBC World Markets Inc.
Mary Joyce Empensando Questrade, Inc.
Christopher Hill Stifel Nicolaus Canada Inc.
Gillian Kunza Designed Securities Ltd.
Radek Loudin Desjardins Securities Inc.
Dave Moore BMO Nesbitt Burns Inc.
Kari Tavener Liquidnet Canada Inc.
Naresh Tejpal RBC Dominion Securities Inc.
Sunil Thomas TD Securities Inc.
Michael Williams Richardson Wealth Limited
Phil Devault, SRO Representative Investment Industry Regulatory Organization of Canada
Sonja McCreary, SRO Representative Investment Industry Regulatory Organization of Canada

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Primary Members

Name Organization
Jehred Ross, Chair Scotia Capital Inc.
Adam Abramson Generation IACP Inc.
Govind Achyuthan Acumen Capital Finance Partners Limited
Muneeb Ahsan Liquidnet Canada Inc.
Harry Akiyama Vered Wealth Management (Canada) Company Limited
Robert Allen Caldwell Securities Ltd.
Leslee Altin Peters & Co. Limited
Mike Arthur Morgan Stanley Wealth Management Canada Inc.
Joe Bajic CI Investment Services Inc.
Amanda Bateman Edward Jones
Nigel Bell Citigroup Global Markets Canada Inc.
Jean‑François Bernier Interactive Brokers Canada Inc.
Wayne Bolton Edward Jones
Jean‑Luc Brunet AURAY Capital Canada inc.
Marian Buklis Acker Finley Inc.
John Byrne Jr. Liquidnet Canada Inc.
Denise Carson BMO Nesbitt Burns Inc.
Mark Censale Wells Fargo Securities Canada, Ltd.
Mark Chadakhtzian CTI Capital Securities Inc.
Ruth Ann Companion Gravitas Securities Inc.
Natalie Coutu RBC Dominion Securities Inc.
Catherine De Giusti Canadian Shareowner Investments Inc.
Sesto DeLuca W.D. Latimer Co. Limited
Noah Dodek Leede Jones Gable Inc.
Jennifer Doherty JC Clark Ltd.
William Donegan Manulife Securities Incorporated
Brian Driscoll IPC Securities Corporation
Louise Duchesne Lightyear Capital Inc.
Lou D’Souza CIBC World Markets Inc.
Lisa Edwards Sprott Capital Partners LP
Julie Eisenstat Cormark Securities Inc.
Calder Ellis Harbourfront Wealth Management Inc.
Mary Joyce Empensando Questrade, Inc.
Christopher Enright Aligned Capital Partners Inc.
Haidar Flahat Worldsource Securities Inc.
Alison Fletcher Mandeville Private Client Inc.
Daniel Gordon Friedberg Mercantile Group Ltd.
Claudia Gourde Pictet Canada L.P.
Kelsey Gunderson Laurentian Bank Financial Group
Sally Haldenby Haba Caldwell Securities
Christopher Hill Stifel Nicolaus Canada Inc.
Kelley Hoffer Merrill Lynch Canada Inc.
Helen Hsia Portfolio Hiway Inc.
Sindy Jagger K.J. Harrison Partners Inc.
Nick Katerinakis Goldman Sachs Canada Inc.
Edward Kay ATB Capital Markets Inc.
John Kennedy Barclays Capital Canada Inc.
Thomas Kim HSBC Securities (Canada) Inc.
William Krutow Raymond James Ltd.
Joe Ladeira Clarus Securities Inc.
Yasmin Lalani Credential Qtrade Securities Inc.
Martin Lang Union Securities Ltd.
Dave Lapensee Chippingham Financial Group
Radek Loudin Desjardins Securities Inc.
Timothy MacNeil OMG Wealth Management Inc.
Patrick McNenly Research Capital Corporation
Patrick Mills Red Cloud Securities Inc.
Martin Miyata Manulife Securities Incorporated
Tom Monahas Clarus Securities Inc.
James Moon Hampton Securities Limited
Terry Moore CIBC
Jeremy Nagy Credit Suisse Securities (Canada), Inc.
Gregory Nowakowski TD Securities Inc.
Peter Pacholko Odlum Brown Limited
Tracey Patel J.P. Morgan Securities Canada Inc.
Joe Pavao Foster & Associates Financial Services Inc.
Brian Prosser B2B Bank Securities Services Inc.
Margaret Provias Assante Capital Management Ltd.
Brian Pynn ATB Securities Inc.
Sylvain Racine Mirabaud Canada Inc.
Danielle Raymond JitneyTrade Inc.
Craig Schleyer Aligned Capital Partners Inc.
Susan Scullion Sandstone Asset Management Inc.
Jonathan Sherwin Instinet Canada Cross Limited
Brian Smallhorn Morgan Stanley Canada Limited
Jane Smith Assante Capital Management Ltd.
Peter Sousaris Canadian ShareOwner Investments Inc.
Kari Tavener Liquidnet Canada Inc.
Naresh Tejpal RBC Dominion Securities Inc.
Danielle Tetrault Investors Group Securities Inc.
Richard Thomas PI Financial Corp.
Bruce Thompson Haywood Securities Inc.
Katharine Varik Cumberland Private Wealth Management Inc.
Kambiz Vatan‑Abadi CI Investment Services Inc.
Matthew Vaughn Citadel Securities Canada ULC
Sharon Watkins Sandstone Asset Management Inc.
John Webster Queensbury Securities Inc.
Alexandra Williams Credential Qtrade Securities Inc
Michael Williams Richardson Wealth Limited
André Zanga Casgrain & Company Limited

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Alternate Members

Name Organization
Ella Adam Research Capital Corporation
Jennelyn Adona Cormark Securities Inc.
Afshan Ali CIBC World Markets Inc.
Joy Allen Scotia Capital Inc.
Michael Arthur Morgan Stanley Wealth Management Canada Inc.
Jean-Paul Bachellerie PI Financial Corp.
Torstein Braaten Instinet Canada Limited
David Bracken W.D. Latimer Co. Limited
Bill Brown Research Capital Corporation
Kaella Bubel Assante Capital Management Ltd.
Nick Cardinale RBC Dominion Securities Inc.
Jean Caron National Bank Financial Inc.
Andrew Carrington State Street Global Markets Canada Inc.
Richard Carter Leede Jones Gable Inc.
Warren Carter Morgan Stanley Wealth Management Canada Inc.
Shweta Chadha RGF Wealth Management Ltd.
Meye Chow Wellington‑Altus Private Wealth Inc.
Brian Choy Morgan Stanley Canada Limited
Jillian Clark CIBC Investor Services Inc.
Julie Clarke Mandeville Private Client Inc.
Kirk Coe BMO InvestorLine Inc.
Lesley Connors Morgan Stanley Wealth Management Canada Inc.
Lloyd Costley Raymond James Ltd.
Marissa Cusi Edward Jones
Pauline Davison Queensbury Securities Inc.
Christopher Dimitropoulos HSBC Securities (Canada) Inc.
Paul Ebach Gravitas Securities Inc.
Paul Falcao B2B Bank Securities Services Inc.
Lionel Fogler Kingwest & Company
Eliza Guerdjikova Merrill Lynch Canada Inc.
Lysiane Guillemette Casgrain & Company Limited
Sally Haldenby Haba Caldwell Securities Ltd.
Eva Hua Citadel Securities Canada ULC
Diana Iannetta TD Securities Inc.
Michael Kazmierowski B2B Bank Securities Services Inc.
Inna Kholodenko Questrade, Inc.
Vesna Kusic RBC Direct Investing Inc.
David Lang RBC Dominion Securities Inc.
David Lu Vered Wealth Management (Canada) Company Limited
Bill Lyons CIBC World Markets Inc.
David MacFadyen OMG Wealth Management Inc.
Mark Maisonville Haywood Securities Inc.
Laurinda Martins Kingwest & Company
Jeanette Matias HSBC Securities (Canada) Inc.
Nadyne McConkey National Bank Financial Inc.
Nawaz Meghji Edward Jones
Myja Miller Acumen Capital Finance Partners Limited
Lafleche Montreuil Desjardins Securities Inc.
Kevin Moon TD Securities Inc.
Terry Moore CIBC Investor Services Inc.
Lee Morita CIBC World Markets Inc.
Sharon Morrisroe Raymond James Ltd.
Hinson Ng RF Securities Clearing LP
Lisa Page Fidelity Clearing Canada ULC
Ron Persaud CIBC Worlds Markets
Brent Pickerl Sandstone Asset Management Inc.
Shaine Pollock RBC Capital Markets
Sylvain Portelance  
Margaret Provias Assante Capital Management Ltd.
Monica Pu All Group Financial Services Inc.
Jane Ratchford Scotia Capital Inc.
Kim Ritchie RF Securities Clearing LP
Michael Roland Paradigm Capital Inc.
Ali Rouhani Barclays Capital Canada Inc.
James Rudderham MD Management Limited
Raj Sachdeva Citigroup Global Markets Canada Inc.
Marc Sansregret Canaccord Genuity Corp.
Marie-Noelle Savoie MacDougall, MacDougall & MacTier Inc.
Mamta Sharma BMO Nesbitt Burns Inc.
Gurjinder Singh Sprott Capital Partners LP
Geoffrey Stayner RF Securities Clearing LP
Angela Stirpe Caldwell Securities Ltd.
Sunil Thomas TD Securities Inc.
Soi To CI Investment Services Inc.
Bernardino Ugolini Aligned Capital Partners Inc.
Barbara Varro TD Waterhouse Canada Inc.
Paige Wadden Fidelity Clearing Canada ULC
Syed Wahab Queensbury Securities Inc.
Lesley Walters‑Sagher Wellington-Altus Private Wealth Inc.
Michael Ward Paradigm Capital Inc.
Scott Wardle W.D. Latimer Co. Limited
Shelley Whitney Credential Qtrade Securities Inc.

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Education

Name Organization
Bill Brown, Chair Mackie Research
Alexandra Diplaros, Vice-Chair CIBC Wood Gundy
Joy Allen, Co‑Chair Scotia Capital Inc.
Shailesh Ambike, Co‑Chair Scotiabank
Brad Rowland, Registrations iA Private Wealth Inc.
Jeffrey Arato Questrade Inc.
Denise Carson BMO Nesbitt Burns Inc
Brian Choy Morgan Stanley Canada Limited
Shawn Collett TD Waterhouse Canada Inc.
Marissa Cusi Edward Jones
Andrew Dundass UBS Securities Canada Inc.
Firdaus KAPADIA Scotia Capital Inc.
Debbie Mugridge Richardson Wealth Limited
Brian Pynn ATB Securities Inc.
DIANA QUINN RF Securities Clearing LP
Mamta Sharma BMO Capital Markets
Michael Smith iA Private Wealth Inc.
Wendy Sieukaran BMO Nesbitt Burns Inc.
Jilin Wen CIBC Capital Markets
Neal Weston Scotiabank
Dianne Weatherby, SRO Representative IIROC

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Institutional

Name Organization
Brian Smallhorn, Chair Morgan Stanley Canada Limited
Lafleche Montreuil, Vice-Chair Desjardins Securities Inc.
Ella Adam ATB Capital Markets Inc.
Jennelyn Adona Cormark Securities Inc.
Shailesh Ambike Scotiabank
Louis Cavalaris Echelon Wealth Partners Inc.
Mark Censale Wells Fargo Securities Canada, Ltd.
Natalie Coutu RBC Dominion Securities Inc.
Ross Davidson Raymond James Ltd.
Lisa Edwards Sprott Capital Partners LP
Eliza Guerdjikova Merrill Lynch Canada Inc.
Christopher Hill Stifel Nicolaus Canada Inc.
Moshe Ifergan Beacon Securities Limited
Nick Katerinakis Goldman Sachs Canada Inc.
Edward Kay ATB Capital Markets Inc.
Lia Mathiesen Virtu ITG Canada Corp.
Gareth McDonald State Street Global Markets Canada Inc.
Brent McLellan National Bank Financial Inc.
Patrick Mills Red Cloud Securities Inc.
Neil Morton iA Private Wealth Inc.
Jeremy Nagy Credit Suisse Securities (Canada), Inc.
Scott Norris Eight Capital
Tracey Patel J.P. Morgan Securities Canada Inc.
Adnan Quader TD Securities Inc.
Michael Roland Paradigm Capital Inc.
Jehred Ross Scotia Capital Inc.
Ali Rouhani Barclays Capital Canada Inc.
Raj Sachdeva Citi Canada
Mamta Sharma BMO Nesbitt Burns Inc.
Jonathan Sherwin Instinet Canada Cross Limited
Kari Tavener Liquidnet Canada Inc.
Naresh Tejpal RBC Dominion Securities Inc.
Alexander Walczak Citigroup Global Markets Canada Inc.
Sonja McCreary, SRO Representative Investment Industry Regulatory Organization of Canada
Rezarte Vukatana, SRO Representative Investment Industry Regulatory Organization of Canada

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Money Laundering

Name Organization
Brian Choy Morgan Stanley Canada Limited
Gene DiMira  
Carl Dubicki Edward Jones
Joanne Fisher BMO Nesbitt Burns Inc
Edward Kay ATB Capital Markets Inc.
Tony Lalonde Scotia Capital Inc.
Lucinda Lehtinen RBC Internal Audit Services
Andrew Morris Questrade Inc.
Ronald Ng Credential Qtrade Securities Inc.
Samara Organa CIBC World Markets Inc.
Angela Pavao TD Securities Inc.
Michael Pawliw Raymond James Ltd.
Jonathan Sherwin Instinet Canada Cross Limited
Ellen So RBC Dominion Securities Inc.
Ekaterina Golofast Tsimmerman Merrill Lynch Canada
Madeleine Cooper, SRO Representative Investment Industry Regulatory Organization of Canada
Sonja McCreary, SRO Representative Investment Industry Regulatory Organization of Canada

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Order Execution Only

Name Organization
Mary Joyce Empensando, Chair Questrade, Inc.
Lee Morita, Vice Chair CIBC Investor Services Inc.
Jean-François Bernier Interactive Brokers Canada Inc.
Catherine De Giusti Canadian Shareower Investments Inc.
Dan DiFranco Scotia Capital Inc.
Christopher Dimitropoulos HSBC Securities (Canada) Inc.
Kevin Moon TD Securities Inc.
Ojima Orifa BMO Investorline.
Brigitte Roby National Bank Financial Inc.
Shelley Whitney Credential Qtrade Securities Inc.
Sonja McCreary, SRO Representative Investment Industry Regulatory Organization of Canada
Vinesh Umanee, SRO Representative Investment Industry Regulatory Organization of Canada

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Retail

Name Organization
Nick Cardinale, Chair RBC Dominion Securities Inc.
Kate Schroeder, Vice Chair Wellington-Altus Private Wealth Inc.
Gustavo Pineda Atencio Scotia Capital Inc.
Naomi Bartlett Investors Group
Bill Brown Research Capital Corporation
Kaella Bubel Assante Capital Management Ltd.
Brian Bulger Edward Jones
Julie Clarke Mandeville Private Client Inc.
Paul Ebach Gravitas Securities Inc.
Calder Ellis Harbourfront Wealth Management Inc.
Robert Goldberg Caldwell Securities Ltd.
Fabian Di Giovanni Raymond James Ltd.
Jacqueline Hatherly TD Waterhouse Canada Inc.
Bill Lyons CIBC Investor Services Inc.
Julie OuellonWente BMO Nesbitt Burns Inc.
Santiago Pineda Scotia Capital
Sonja McCreary, SRO Representative Investment Industry Regulatory Organization of Canada
Erica Young, SRO Representative Investment Industry Regulatory Organization of Canada

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