Canadian securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC), and the Mutual Fund Dealers Association (MFDA) today announced the launch of an expanded Canadian Disciplined Persons List. We have answered some questions you may have about the list below.
When should I use the list?
- Use the list as a part of a comprehensive background check when you are choosing an advisor.
- Use it to check the background of anyone who is trying to sell you an investment.
Where can you find the list?
- You can find it linked from InvestRight and the British Columbia Securities Commission’s website.
- It is available on the Canadian Securities Administrators’ (CSA) website.
- The MFDA, IIROC, and other provincial securities regulators offer direct links from their own websites.
What is on the expanded disciplined persons list?
- All persons disciplined in BC since 1987, including persons whose sanctions have now expired.
- Individuals who have been subject to sanctions, no matter how serious, imposed by any provincial securities regulator, IIROC or the MFDA.
- Names of persons IIROC and the MFDA have disciplined, dating back to 2004.
- Links to supporting records and orders.
What is the purpose of the list?
The expanded Disciplined Persons List complements disciplinary databases made available by Canada’s various regulators, which detail cases involving firms and ongoing hearings.
Report a Concern
If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using the BCSC’s online complaint form.