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).
Settlement also comes with $45,000 in financial penalties
Regulators preserve embedded fees and self‑regulation to protect limited advice for small accounts
Penalty order follows conviction in case affecting over 25,000 investors
A CIRO hearing panel approved a settlement imposing an $18,000 fine for Mutual Fund Dealer violations
CIRO's compliance report outlines regulatory changes, risk assessments, and integration efforts for 2025
Firm discovered the wrongdoing during a routine review
The sanctions follow findings of client fund misuse and misleading compliance reports
CIRO's latest report details efforts to protect investors, enhance standards, and strengthen market integrity
Details emerged as one person sued another over the matter
Canada's investment industry regulator has a spot on its advisory panel
