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August 29, 2015 1:32 PM ET

Commercial Services and Supplies

Company Overview of Investment Industry Regulatory Organization of Canada

Company Overview

The Investment Dealers Association of Canada represents the securities industry in Canada. The association regulates the activities of investment dealers in terms of their capital adequacy and conduct of business. Its members include over 190 investment dealers. IDA was founded in 1916 and is headquartered in Toronto, canada with additional offices in British Columbia, Quebec, Nova Scotia, and Alberta.

121 King Street West

Suite 1600

Toronto, ON M5H 3T9

Canada

Founded in 1916

Phone:

416-364-6133

Fax:

416-364-0753

Key Executives for Investment Industry Regulatory Organization of Canada

Chief Executive Officer, President and Director
Age: 59
Chief Executive Officer, Ireland
Senior Vice President, General Counsel and Corporate Secretary
Compensation as of Fiscal Year 2015.

Investment Industry Regulatory Organization of Canada Key Developments

Scotia Capital to Pay $500,000 After Self-Reporting Failings by Client Advisers

Scotia Capital has been fined $500,000 and faces other penalties under a settlement agreement with the Investment Industry Regulatory Organization of Canada. The agreement follows an admission by the division of regulatory failings by DWM Securities Inc., which subsequently amalgamated with Scotia Capital under the HollisWealth brand and is an independent wealth advisory unit of Scotiabank. DWM failed to establish and maintain a system of controls and supervision that was adequate to ensure that certain retail clients were qualified to purchase investment funds offered pursuant to prospectus exemptions, contrary to IIROC rules. In addition to the fine, Scotiabank is required to report on the execution of the remediation plan by Oct. 30 and is to impose internal fines on individual client advisers ranging from $2,500 to $30,000. The proceeds, totaling some $440,000, are to be donated to charity.

Investment Industry Regulatory Organization of Canada Announces Schedule of Settlement Hearing in the Matter of Independent Trading Group (ITG) Inc

A hearing has been scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) to consider whether the panel should accept a Settlement Agreement entered into between IIROC staff and Independent Trading Group (ITG) Inc. The Agreement concerns Independent Trading Group's failure to adopt adequate risk management and supervisory controls, to ensure the management of the financial risks associated with electronic access to marketplaces. The hearing is not open to the public, but will become open in the event that the panel accepts the agreement. Hearing Date: April 27, 2015 at 10:00 a.m. Location: IIROC Office, Ontario Room, 121 King St. West, Suite 2000, Toronto, Ontario M5H 3T9.

Investment Industry Regulatory Organization of Canada Republishes Proposal on Marketplace Thresholds

The Investment Industry Regulatory Organization of Canada (IIROC) republished for comment proposed guidance on the establishment and operation of price thresholds by Canadian marketplaces to further reduce short-term, unexplained price volatility and address risks arising from electronic trading. This publication reflects responses from stakeholders to proposed guidance IIROC published for comment in April 2014 and input from further industry consultation. There are three significant changes in this revised proposal: IIROC is proposing specific price thresholds beyond which a marketplace must preclude trading activity rather than allowing each marketplace to determine its threshold levels; all marketplaces, including dark marketplaces, would be required to implement marketplace thresholds; and marketplace thresholds would not apply to opening orders or market-on-close orders. The revised proposal is out for comment until May 29, 2015.

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