7112. Prohibited practices

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    1. A Dealer Member must not accept any order or carry out any trade where the Dealer Member knows, or has reasonable grounds to believe, the result would contravene IIROC requirements or any applicable laws

    2. An Approved Person or employee of a Dealer Member must not accept any material consideration, including remuneration, gratuity or benefit, from any person other than the Dealer Member for any activities conducted on behalf of a client. 

    3. A Dealer Member must not offer any consideration, including remuneration, gratuity, or benefit, to any partner, director, officer, employee, agent or shareholder of a client or any associate of such persons, unless the prior written consent of the client has been obtained.

    4. Consideration that is non‑monetary, of minimal value and infrequent such that it will not cause a reasonable person to question whether it created a conflict of interest is not consideration under subsections 7112(2) and 7112(3).

    There is no history log for this rule.

    There is no history log for this rule.