In 2023, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) were combined to form a new entity: the Canadian Investment Regulatory Organization (CIRO).
Canada's investment industry regulator has a spot on its advisory panel
Financial Services Regulatory Authority of Ontario (FSRA) unveils SRO as fifth credentialing body
Sungsoo (Steve) Lee will also have to pay a total $40,000 in fine and costs
Sanctions amount to more than $20,000
Accepting self-regulatory organization as credentialing body for financial advisors could put public at risk, say stakeholders
Client request to cash out amid COVID-19 market panic delayed due to KYC deficiencies
President of Canada's newest independent firm explains efforts to purge structural conflicts and sharpen client focus
He was found to have engaged in unfair or deceptive practices
Mutual fund rep misled firm when confronted about large transaction into his own account, says CIRO
The merged regulator has been operating since the start of the year under the generic 'New SRO' handle
