Is Wealthsimple a IIROC?

Is Wealthsimple a IIROC?

Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc. Like the big banks, ShareOwner Inc. is a CIPF member and regulated by the IIROC to protect investors. Wealthsimple Trade is a division of Canadian ShareOwner Investments Inc.

What marketplace does IIROC regulate?

NEO Exchange
NEO Exchange has retained IIROC to administer its timely disclosure requirements for securities listed on NEO Exchange. NEO-N provides trading in securities listed on NEO Exchange, TSX, and TSXV.

Who is regulated by IIROC?

IIROC oversees the registration of firms and individuals who provide advice and conduct securities trading in Canada. These firms must register as Dealer Members. In addition, any Canadian marketplace for equity and debt trading activity must also become a Marketplace Member.

What is the difference between MFDA and IIROC?

IIROC regulates investment dealers and enforces the Universal Market Integrity Rules (UMIR) that govern trading of securities in Canada’s capital markets. The MFDA is the self-regulatory organization that regulates mutual fund dealers. It is expected that the creation of this new SRO will be an involved process.

Is CIBC an IIROC firm?

CIBC Investor Services Inc. IIROC.

Who are members of IIROC?

1 INTEGRATED. BMO Nesbitt Burns Inc.

  • 2 RETAIL. Aligned Capital Partners Inc.
  • 3 RETAIL – TYPE 1 & 2 INTRODUCERS. Argosy Securities Inc.
  • 4 MANAGED ACCOUNTS. Acker Finley Inc.
  • 6 INSTITUTIONAL (cont’d) RF Securities Clearing LP* Roth Canada, ULC Sanford C.
  • How do I get an IIROC license?

    In order to apply to IIROC, an individual must be sponsored by an IIROC-regulated Dealer Member. Dealer Members are encouraged to conduct due diligence on applicants, including by requesting a copy of their registration file from IIROC.

    How many IIROC advisors are there in Canada?

    IIROC oversees approximately 174 firms and their 31,000 registered representatives. We refer to the firms that we regulate as IIROC Dealer Members….Dealers we regulate.

    Organization Name Address
    AGF Securities (Canada) Limited 66 Wellington Street West Suite 3100 Toronto ON M5K 1E9 416-865-4176

    What is a pro account IIROC?

    The PRO Form stated, in part: As a member of the Investment Industry Regulatory Organization (IIROC), CIBC Investor Services Inc. (ISI) is required to identify and supervise non-client, or PRO, accounts.

    What is IIROC approval?

    IIROC APPROVAL CATEGORIES Chief Compliance Officer: The Chief Compliance Officer (CCO) is the operating officer of an investment dealer who is responsible for the monitoring and oversight of the firm’s compliance system. An individual must be approved by IIROC before he/she can act as a firm’s CCO.

    What does the IIROC do?

    Welcome to IIROC The Investment Industry Regulatory Organization of Canada is the pan‑Canadian self‑regulatory organization that oversees all investment dealers and trading activity on Canada’s debt and equity marketplaces.

    How long do IIROC trading halts last?

    How long will trading be halted? A trading halt is normally very temporary – typically lasting less than two hours. The actual length of the trading halt is determined by IIROC, taking into account the significance of the company’s announcement and the time required to disseminate the announcement.

    Who monitors the market on TSX?

    To ensure effective and independent marketplace integrity, TSX, TSXV and TSXA outsource market surveillance and participant discipline to an independent third party: Investment Industry Regulatory Organization of Canada (IIROC), monitors all trading on TSX, TSXV and TSXA.

    How does IIROC monitor the Canadian equity market?

    IIROC monitors equity trading on Canadian marketplaces in real time using a state-of-the-art technology platform, SMARTS . The goal of IIROC’s Equity Market Surveillance team is to detect manipulative or unfair trading practices and other breaches of the marketplace trading rules to ensure market integrity and to protect investors.

    What does IIROC’s implementation of cross-asset surveillance mean for market surveillance?

    “IIROC’s implementation of a cross-asset surveillance system, supported by real-time data from our partners at the MX, represents a step-change in market surveillance,” said Andrew J. Kriegler, President and CEO of IIROC.

    How does IIROC detect trading violations?

    IIROC detects potential violations of trading rules through our surveillance practices, as well as from our compliance reviews of firms’ trading activities, or other sources such as public complaints or referrals from other regulators.