home home  
 
 
 
 
 
 

Financial and Operations Advisory Section



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

  
Charlena Gaulin, ChairCIBC
Michael Konopaski, Vice-ChairAligned Capital Partners Inc.
Holly BensonPeters & Co. Limited
Massimo CeschiaScotia Capital Inc.
Lloyd CostleyRaymond James Ltd.
Mario MerolaNational Bank Financial Inc.
Bryan MoffittFidelity Clearing Canada ULC
Nancy PeckATB Capital Markets Inc.
Dean PercyQuestrade, Inc.
Nikica ProdanovicEdward Jones
Nevio RafaelicRBC Dominion Securities Inc.
Michael WardParadigm Capital Inc.
Noura YounisBMO Nesbitt Burns Inc.
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Primary Members

  
Charlena Gaulin, ChairCIBC
Michael Konopaski, Vice-ChairAligned Capital Partners Inc.
Rodney AncrumCredential Qtrade Securities Inc.
James AndrewsIndustrial Alliance Securities Inc.
Jean-Paul BachelleriePI Financial Corp.
Holly BensonPeters & Co. Limited
Daniel Bowering 
Marian BuklisAcker Finley Inc.
Myra Cameron 
Benoit CarignanSociété Générale Capital Canada Inc.
Jean CarrierPEAK Securities Inc.
Massimo CeschiaScotia Capital Inc.
Mark ChadakhtzianCTI Capital Securities Inc.
Florence CoenenSociété Générale Capital Canada Inc.
Sara CollinsJ.P. Morgan Securities Canada Inc.
Lloyd CostleyRaymond James Ltd.
Curt CummingGoodwood Inc.
Jim DaleLeede Jones Gable Inc.
Gregory DaviesVirtu ITG Canada Corp.
Peter DeebHampton Securities Limited
Sesto DeLucaW.D. Latimer Co. Limited
Julie DrouinMirabaud Canada Inc.
Louise DuchesneLightyear Capital Inc.
Christopher GageCredit Suisse Securities (Canada), Inc.
Douglas GloverEchelon Wealth Partners Inc.
Robert GoldbergCaldwell Securities Ltd.
Claudia GourdePictet Canada L.P.
David GynnDeutsche Bank Securities Limited
Jean-Francois HamelTD Waterhouse Canada Inc.
David HanslipUBS Securities Canada Inc.
Donald HarringtonMackie Research Capital Corporation
Sindy JaggerK.J. Harrison & Partners Inc.
Pauline JarryMaison Placements Canada Inc.
Edward KholodenkoQuestrade, Inc.
Frank LaferriereMandeville Private Client Inc.
David Lu 
Sylvie MachonRGF Wealth Management Ltd.
Jason MacKeyLeede Jones Gable Inc.
Myja MillerAcumen Capital Finance Partners Limited
Bryan MoffittFidelity Clearing Canada ULC
Tom MonahasClarus Securities Inc.
Sheri MouawadCanadian ShareOwner Investments Inc.
Gaston OstiguyPEAK Securities Inc.
Peter PacholkoOdlum Brown Limited
Bernice PangMorgan Stanley Canada Limited
Francesco PasinJitneyTrade Inc.
Joe PavaoFoster & Associates Financial Services Inc.
Sylvain PayetteRenaissance Capital Inc.
Nancy PeckATB Capital Markets Inc.
Dean PercyQuestrade, Inc.
Cynthia PhillipsWatt Carmichael Inc.
Rajendra PrasadMizuho Securities Canada Inc.
Nikica ProdanovicEdward Jones
Kenneth RedpathMarketAxess Canada Company
Sebastien ReneNational Bank Financial Inc.
Craig SchleyerAligned Capital Partners Inc.
David SchnarrRed Cloud Securities Inc.
Susan ScullionTudor, Pickering, Holt & Co. Securities - Canada, ULC
Michel SevignyDesjardins Securities Inc.
Andre SianPACE Securities Corp.
Jane SmithAssante Capital Management Ltd.
Lynn StibbardHarbourfront Wealth Management Inc.
Stephen StobieCitigroup Global Markets Canada Inc.
Brian SussmanInteractive Brokers Canada Inc.
Peter VirvilisHaywood Securities Inc.
Michael WardParadigm Capital Inc.
Gordon WeirMerrill Lynch Canada Inc.
Simon WitneyCanaccord Genuity Corp.
Paul WraggettQueensbury Securities Inc.
Noura YounisBMO Nesbitt Burns Inc.
Stephen ZaminCitadel Securities Canada ULC
André ZangaCasgrain & Company Limited
Yvette ZhangBBS Securities Inc.
Stefano ZulianiGoldman Sachs Canada Inc.

Alternate Members

  
Govind AchyuthanAcumen Capital Finance Partners Limited
Donald AllanEdward Jones
Noah BillickRaymond James Ltd.
Effie BirosTD Securities-Toronto-19th Floor - 66 Wellington Street West
Bob BishopCIBC Client Services
Rob BlanchardHaywood Capital Markets
Sébastien BORGOGNONPictet Canada L.P.
Michael BrownRaymond James Ltd.
Tom BrownQueensbury Securities Inc.
Douglas ButtersMerrill Lynch Canada Inc.
Paul CamarataEdward Jones
John CambareriPictet Canada L.P.
Pamela ClarkeJ.P. Morgan Securities Canada Inc.
Christopher CollinsonManulife Securities Incorporated
Adam ConradLeede Jones Gable Inc.
David CussonEchelon Wealth Partners Inc.
Cecile dela CruzNational Bank Financial Ltd
Jean DiMarcoFidelity Clearing Canada ULC
Wesley DiongCumberland Private Wealth Management Inc.
Christopher DoWells Fargo Securities Canada, Ltd.
Mike DobbinMandeville Private Client Inc.
Ann DriscollPeters & Co. Limited
Christopher EnrightAligned Capital Partners Inc.
Sam FarrellCredit Suisse Securities (Canada), Inc.
Christine FulsangK.J. Harrison & Partners Inc.
Len GrayVirtu ITG Canada Corp.
MICHAEL GREERAligned Capital Partners Inc.
Karly HealeyCormark Securities Inc.
Jennifer HeibeinTD Securities-Toronto-19th Floor - 66 Wellington Street West
Neal HsiehQuestrade, Inc.
Lisa InacioTD Securities Inc.
Andrew KerrisonQuestrade, Inc.
Alain LegrisNational Bank Financial Inc.
James LexovskyChippingham Financial Group
Rick LiGF Securities (Canada) Company Limited
Jason LongmoreRBC Direct Investing Inc.
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.
Elaine PartridgeRaymond James Ltd.
Patrick PrimeranoNational Bank Financial Inc.
Nevio RafaelicRBC Dominion Securities Inc.
Tracey RandellTD Wealth Management
Dante ReinoQuestrade, Inc.
Joe RigaRF Securities Clearing LP
Kevin RobinsonFidelity Clearing Canada ULC
Steven SomodiMandeville Private Client Inc.
Rose SpensieriState Street Global Markets Canada Inc.
Joanne TayMorgan Stanley Canada Limited
Laura TourignyRGF Wealth Management Ltd.
Kuno TuckerParadigm Capital Inc.
Irina UrshonTD Bank
Kambiz Vatan-AbadiBBS Securities Inc.
John WebsterQueensbury Securities Inc.
Bruce WetherlyBeacon Securities Limited
Thomas WhiteCredential Qtrade Securities Inc.
Julie WigleyOmniVita Custom Wealth Management Inc.
Alexandra WilliamsCredential Qtrade Securities Inc.
Helen WilliamsMorgan Stanley Canada Limited
Judith winstanleyRichardson GMP Limited
Stella YannoulakisNational Bank Financial Inc.

Capital Formula

  
Mario Merola, ChairNational Bank Financial Inc.
Holly BensonPeters & Co. Limited
Massimo CeschiaScotia Capital Inc.
Jean-Francois HamelTD Waterhouse Canada Inc.
MYLA HARTMerrill Lynch Canada Inc.
Karly HealeyCormark Securities Inc.
Kenneth LoRBC Capital Markets
Bob MarkovskiBMO Nesbitt Burns Inc.
Anne MeyerRaymond James Ltd.
Andrew MurrayPI Financial Corp.
Dean PercyQuestrade, Inc.
Nick Petrangelo 
Donna YiuCanadian Investor Protection Fund
Erick YoonRF Securities Clearing LP
Stephen ZaminCitadel Securities Canada ULC
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.
Dan BruggerCredential Qtrade Securities Inc.
Anton CoetzeeTD Securities Inc.
Stuart CollinsCIBC World Markets Inc.
Elaine ComeauNational Bank of Canada
Darren Kwok 
Janet ManskePeters & Co. Limited
Joe RigaRF Securities Clearing LP
Stella YannoulakisNational Bank Financial Inc.
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Levi Sankar, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Insurance

  
Tom Monahas, ChairClarus Securities Inc.
James Andrews 
Paul BaldassariTD Bank
Mario Frankovich 
Stephen Gerry 
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-Chair 
Steve BraugirouxNational Bank Financial Ltd
William BryceScotia Bank
Braunwyn CurrieTD Bank
Lulu FengQuestrade, Inc.
Jack MastromatteiAligned Capital Partners Inc.
Joe MoronitiCIBC Investor Services Inc.
Ryan RoeCredential Qtrade Securities Inc.
Judith winstanleyRichardson GMP Limited
Richard Corner, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Marsha Gerhart, SRO Representative 
Bruce Grossman, SRO RepresentativeInvestment Industry Regulatory Organization of Canada
Sonja McCreary, SRO RepresentativeInvestment Industry Regulatory Organization of Canada

Operations

  
Nikica Prodanovic, ChairEdward Jones
Jason Longmore, Vice-ChairRBC Direct Investing Inc.
Holly BensonPeters & Co. Limited
Douglas ButtersMerrill Lynch Canada Inc.
Dianne DuffyMorgan Stanley Canada Limited
Andrew KerrisonQuestrade, Inc.
Bryan MoffittFidelity Clearing Canada ULC
Peter PacholkoOdlum Brown Limited
Nevio RafaelicRBC Dominion Securities Inc.
Tracey RandellTD Wealth Management
Joe RigaRF Securities Clearing LP
Sonia SbarraNBCN Inc.
Patrick SinghRaymond James Ltd.
Brian SussmanInteractive Brokers Canada Inc.
Kamran VafaeiScotia Capital Inc.
Simon WitneyCanaccord Genuity Corp.
Richard Corner, 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
       tool bar