Enforcement

Enforcement plays a key role in IIROC's pursuit to protect investors and support healthy capital markets.

For more information, see our Guide to Hearings and our annual Enforcement Report.

By searching for an enforcement proceeding below, you can view the notices and decisions associated with an active proceeding or the IIROC Hearing Panel decisions associated with a concluded proceeding.

In addition, IIROC Hearing Panel reasons issued since June 2008 are available free of charge on CanLii (the Canadian Legal Information Institute).

Enforcement Notice News Releases

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Filter enforcement proceedings by...

Date Commenced
Date Concluded
Outcome
Fine $119,000; Costs $5,000; Conditions
Date Commenced
Date Concluded
Outcome
Fine $50,000; Costs $5,000
Date Commenced
Date Concluded
Outcome
Fine $40,000; Costs $5,000
Date Commenced
Date Concluded
Outcome
Fine $50,000; Disgorgement $17,269; Costs $5,000; Suspension; Conditions
Date Commenced
Date Concluded
Outcome
Fine $1,000,000; Disgorgement $4,480,000; Costs $100,000; Permanent Ban
Date Commenced
Date Concluded
Outcome
Fine $125,000; Costs $15,000
Date Commenced
Date Concluded
Outcome
Termination
Date Commenced
Date Concluded
Outcome
Fine $250,000; Costs $40,000

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.