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

Naresh Tejpal, Chair        RBC Dominion Securities Inc.
Bruce Maranda, Vice‑Chair  Canaccord Genuity Corp.
Joe Bajic            CI Investment Services Inc.
Amanda Bateman    Edward Jones
Kevin Bresler  TD Waterhouse Canada Inc.
Mary Joyce Empensando Questrade, Inc.
Christopher Hill  Stifel Nicolaus Canada Inc.
Radek Loudin Desjardins Securities Inc.
Dave Moore    BMO Nesbitt Burns Inc.
Jehred Ross      Scotia Capital Inc.
Kuno Tucker ATB Capital markets Inc.
Michael Williams Richardson Wealth Limited
Kevin McCoy, SRO Representative  Investment Industry Regulatory Organization of Canada
Sonja McCreary, SRO Representative  Investment Industry Regulatory Organization of Canada
Sherry Tabesh‑Ndreka, SRO Representative  Investment Industry Regulatory Organization of Canada
David Wright, SRO Representative  Investment Industry Regulatory Organization of Canada

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Primary Members

Naresh Tejpal, Chair  RBC Dominion Securities Inc.
Adam Abramson Generation IACP Inc.
Govind Achyuthan      Acumen Capital Finance Partners Limited
Muneeb AHSAN  Liquidnet Canada Inc.
Leslee Altin Peters & Co. Limited
Joe Bajic CI Investment Services Inc.
Amanda Bateman Edward Jones
Jean‑François Bernier  Interactive Brokers Canada Inc.
Wayne Bolton Edward Jones
Kevin Bresler TD Waterhouse Canada Inc.
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.
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.
Lisa Edwards Sprott Capital Partners LP
Julie Eisenstat  Cormark Securities Inc.
Mary Joyce Empensando Questrade, Inc.
Christopher Enright    Aligned Capital Partners Inc.
Alison Fletcher    Mandeville Private Client Inc.
Daniel Gordon  Friedberg Mercantile Group Ltd.
Claudia Gourde      Pictet Canada L.P.
Robert Harland  HSBC Securities (Canada) Inc.
Adrian Haviland Citigroup Global Markets Canada Inc.
Christopher Hill Stifel Nicolaus Canada Inc.
Sindy Jagger K.J. Harrison & Partners Inc.
Nick Katerinakis  Goldman Sachs Canada Inc.
John Kennedy   Barclays Capital Canada Inc.
William Krutow Raymond James Ltd.
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.
Bruce Maranda Canaccord Genuity Corp.
Michael McNeil    Instinet Canada Limited
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.
Brian Pynn  ATB Securities Inc.
Sylvain Racine Mirabaud Canada Inc.
Danielle Raymond JitneyTrade Inc.
Jehred Ross  Scotia Capital Inc.
Craig Schleyer Aligned Capital Partners Inc.
Brian Smallhorn  Morgan Stanley Canada Limited
Jane Smith  Assante Capital Management Ltd.
Peter Sousaris  Canadian ShareOwner Investments Inc.
Danielle Tetrault Investors Group Securities Inc.
Richard Thomas  PI Financial Corp.
Bruce Thompson Haywood Securities Inc.
Kuno Tucker  Paradigm Capital 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

Ella Adam   Research Capital Corporation
Jennelyn Adona Cormark Securities 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.
Chris Climo  CIBC World Markets Inc.
Kirk Coe    BMO InvestorLine Inc.
Lloyd Costley    Raymond James Ltd.
Marissa Cusi    Edward Jones
Pauline Davison  Queensbury Securities Inc.
Christopher Dimitropoulos HSBC Securities (Canada) Inc.
Paul Falcao  B2B Bank Securities Services Inc.
Lionel Fogler  Kingwest & Company
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.
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
Brent Pickerl  Sandstone Asset Management Inc.
Shaine Pollock   RBC Capital Markets
Sylvain Portelance    
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.
Vivene Salmon      Merrill Lynch Canada Inc.
Marc Sansregret  Canaccord Genuity Corp.
Marie-Noelle Savoie MacDougall, MacDougall & MacTier Inc.
Mamta Sharma     BMO Nesbitt Burns Inc.
Jonathan Sherwin      UBS Securities Canada 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
Mark Weseluck  RBC Dominion Securities Inc.
Shelley Whitney Credential Qtrade Securities Inc.

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Education

 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

Brian Smallhorn, Chair      Morgan Stanley Canada Limited
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
Adrian Haviland  Citigroup Global Markets Canada Inc.
Christopher Hill    Stifel Nicolaus Canada Inc.
Moshe Ifergan Beacon Securities Limited
Nick Katerinakis Goldman Sachs Canada Inc.
Lia Mathiesen   Virtu ITG Canada Corp.
Gareth McDonald    State Street Global Markets Canada Inc.
Ann McIntosh  Eight Capital
Michael McNeil  Instinet Canada Limited
Neil Morton iA Private Wealth Inc.
Jeremy Nagy  Credit Suisse Securities (Canada), Inc.
Tracey Patel  J.P. Morgan Securities Canada Inc.
Michael Roland Paradigm Capital Inc.
Jehred Ross  Scotia Capital Inc.
Ali Rouhani    Barclays Capital Canada Inc.
Mamta Sharma BMO Nesbitt Burns Inc.
Jonathan Sherwin  UBS Securities Canada Inc.
Naresh Tejpal   RBC Dominion Securities Inc.
Kuno Tucker  Paradigm Capital Inc.
Wayne Warner  National Bank Financial Inc.

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Money Laundering

Cardinale, Nick(Vice Chair) RBC
Brian Choy   Morgan Stanley Canada Limited
Gene DiMira   
Carl Dubicki  Edward Jones
Joanne Fisher BMO Nesbitt Burns Inc
Olivia Furieri Questrade, Inc.
Tony Lalonde Scotia Capital Inc.
Lucinda Lehtinen RBC Internal Audit Services
Lucinda Lehtinen RBC Dominion Securities
Ronald Ng Credential Qtrade Securities Inc.
Samara Organa CIBC World Markets Inc.
Angela Pavao TD Securities Inc.
Michael Pawliw Raymond James Ltd.
Jonathan Sherwin UBS Securities Canada Inc.
 Ellen So RBC Dominion Securities Inc.
Kuno Tucker Paradigm Capital Inc.
Madeleine Cooper, SRO Representative  Investment Industry Regulatory Organization of Canada
David Wright, SRO Representative  Investment Industry Regulatory Organization of Canada

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Order Execution Only

Denise Carson, Chair BMO Nesbitt Burns Inc.
Jean-François Bernier    Interactive Brokers Canada Inc.
 Kevin Bresler  TD Waterhouse Canada Inc.
 Yvonne Yaw Wen Chang  RBC Direct Investing Inc.
Christopher Dimitropoulos HSBC Securities (Canada) Inc.
Mary Joyce Empensando Questrade, Inc.
Brigitte Roby  National Bank Financial Inc.
Kim Shilton Scotia Capital Inc.
Kuno Tucker Paradigm Capital Inc.
Shelley Whitney  Credential Qtrade Securities Inc.
Kevin McCoy, SRO Representative Investment Industry Regulatory Organization of Canada
Sherry Tabesh-Ndreka, SRO Representative Investment Industry Regulatory Organization of Canada

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Retail

Gustavo Pineda Atencio, Committee Member  Scotia Capital Inc.
Kevin Bresler, Committee Member    TD Waterhouse Canada Inc.
Bill Brown, Committee Member      Research Capital Corporation
Kaella Bubel, Committee Member Assante Capital Management Ltd.
Brian Bulger, Committee Member    Edward Jones
Chris Corsetti, Committee Member  Harbourfront Wealth Management Inc.
Julie Clarke, Committee Member  Mandeville Private Client Inc.
Robert Goldberg, Committee Member  Caldwell Securities Ltd.
 Fabian Di Giovanni, Committee Member    Raymond James Ltd.
Bill Lyons, Committee Member  CIBC Investor Services Inc.
Cheryl de Montigny, Committee Member Gravitas Securities Inc.
Lesley Walters-Sagher, Committee Member Wellington-Altus Private Wealth Inc.


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