Arbitration Statistics

These statistics highlight IIROC’s arbitration cases by calendar year (unless otherwise noted) in which cases are opened. Read more about arbitration and IIROC.

IIROC Arbitration Statistics 2022

Annual 2021 (ending December 31, 2021)

  • Two new cases were opened and one case was closed in 2021
  • Three cases were pending at the end of the year awaiting determination
  • Cases involved allegations of negligence, false representation, unauthorized trading, unauthorized funds transfers, failure to prevent misappropriation and unauthorized sale of securities held in a margin account
  • An average amount of claims was $500,000

IIROC Arbitration Statistics 2021

Annual 2020 (ending December 31, 2020)

  • No new cases were opened in 2020

  • Two cases were resolved (through settlement and arbitration)

  • There were two open cases at the end of the year awaiting final determination involving allegations of negligence, unauthorized trading, false representation and fraud

  • Average amount claimed for the cases ongoing throughout 2020 was $500,000


IIROC Arbitration Statistics 2020

Annual 2019 (ending December 31, 2019)

  • One case was reopen in 2019 involving allegations of unauthorized trading and misrepresentations.

  • Five cases were closed in 2019.

  • There were four open cases at the end of the year awaiting final determination involving allegations of negligence, breach of fiduciary duty, unauthorized trading and fraud.

  • Average amount claimed for the cases ongoing throughout the year was $270,000.


​IIROC Arbitration Statistics 2019

Annual 2018 (ending December 31, 2018)

  • Three new cases were opened in 2018.

  • New cases deal primarily with issues of unsuitable trading, negligence and breach of fiduciary duty.

  • Average amount claimed was approximately $200,000.

  • Five cases were closed in 2018.

  • There were six open cases at the end of the year awaiting final determination.


​IIROC Arbitration Statistics 2018

Annual 2017 (ending December 31, 2017)

  • Six new cases were opened in 2017.

  • The cases deal with issues of misrepresentation, negligence, unsuitable trading and breach of fiduciary duty.

  • The average amount claimed was approximately $375,000.

  • Seven cases were closed in 2017.

  • There are currently seven open cases, all of which are either active or awaiting final determination.

    IIROC Arbitration Statistics 2017

    Annual 2016 (ending December 31, 2016)

    • Four new cases were opened in 2016. The cases deal with negligence and unsuitability. The average amount claimed is approximately $200,000.

    • Three cases were closed in 2016.

    • There are currently fourteen open cases, five of which are deemed inactive.


    IIROC Arbitration Statistics 2016

    Annual 2015 (ending December 31, 2015)

    • Four new cases were opened in 2015. The cases deal with negligence and misrepresentation. The average amount claimed is approximately $320,000.

    • One case that was opened in 2014 closed in 2015 with a decision from the arbitrator.

    • There are currently nine open cases, three of which are deemed inactive.


    IIROC Arbitration Statistics 2015

    Annual 2014 (ending December 31, 2014)

    • Two new cases were opened in 2014. The cases deal with breach of fiduciary duty and unsuitable trading. One of the cases was closed shortly after as the plaintiff withdrew its claim.  The amount claimed in the remaining case is approximately $48,000.

    • In total, there are currently four open cases, three of which are deemed inactive.


    IIROC Arbitration Statistics 2014

    Fiscal Year 2014 (ending June 30, 2014)

    • Two new cases have been opened to date in fiscal year 2014. The cases deal with unauthorized trading and breach of fiduciary duty, respectively. The average of the amounts claimed is approximately $56,775. One previously closed case was reopened.

    • Three previously opened cases have closed.  


    IIROC Arbitration Statistics 2013

    Fiscal Year 2013 (ending March 31, 2013)

    • Four cases were opened in fiscal year 2013. The cases deal with issues of misrepresentation, breach of fiduciary duty, negligence, unsuitable trading and churning. 

    • Two cases settled in the period, with durations of one year or less.

    • The average amount claimed in fiscal year 2013 was approximately $153,148.  


    IIROC Arbitration Statistics 2012

    Fiscal Year 2012 ended March 31, 2012   

    • For fiscal year 2012, a total of seven cases were opened. As of October 31, three out of the seven open cases have been closed. 

    • The majority of the cases dealt with issues of negligence, suitability and breach of fiduciary duty and misrepresentation.

    • The average claim for all cases was just over $320,000.


    IIROC Arbitration Statistics 2011 

    Fiscal Year 2011 ended March 31, 2011

    • For fiscal year 2011, a total of seven cases were opened. As of August 29, 2011, four out of the seven open cases have been closed.

    • The majority of the cases dealt with issues of negligence, suitability and misrepresentation, breach of fiduciary duty, lack of supervision and unauthorized trading.

    • The average claim for all cases was just over $78,700.


    IIROC Arbitration Statistics 2010

    Fiscal Year 2010 ended March 31, 2010

    • For fiscal year 2010, a total of five cases were opened. The duration of the cases ranged from two to 16 months. 

    • The majority of the cases dealt with issues of misrepresentation, negligence and supervision and unauthorized trading.

    • The average claim for all cases was just over $100,950.


    IIROC Arbitration Statistics 2009

    Fiscal Year 2009 ended March 31, 2009   

    • For fiscal year 2009, a total of nine cases were opened. As of August 29, 2011, seven cases for fiscal year 2009 have been closed and there are two open cases which are inactive.

    • The majority of cases dealt with issues of unsuitable trading and negligence. Unauthorized trading and supervision were also issues in multiple cases. Breach of fiduciary duty, misrepresentation and suitability.

    • The average claim for all cases was just over $89,900.


    IIROC Arbitration Statistics 1996 -2008
    Total number of arbitration cases opened.  

    Ontario and Atalntic Provinces ​Western Provinces ​Québec ​Total cases opened per annum
    2008 ​5 ​3 ​1 ​9
    2007 ​3 ​1 ​0 ​4
    ​2006 ​11 ​2 ​5 ​18
    2005 ​9 ​2 ​9 ​20
    2004 ​28 ​5 ​22 ​55
    2003 ​42 ​12 ​35 ​89
    ​2002 ​50 ​17 ​29 ​96
    2001 ​47 ​22 ​21 ​90
    2000 ​43 ​21 ​22 ​86
    1999 ​10 ​Not available ​14 ​24