Canada is the first country to enter into an understanding with China’s SIPF to deal with brokerage insolvencies
But market losses, unsuitable investments and a bankruptcy within a portfolio can’t be addressed through these funds
Joint application seeks approval for realignment of regulatory responsibilities
Notice follows suspension of firm by IDA
Effort to reduce regulatory burden
The Canadian Investor Protection Fund has signed a mutual cooperation agreement with its U.S. counterpart, the Securities Investor Protection Corp.The CIPF, which maintains a fund to protect the customers of insolvent investment dealers, said Wednesday the memorandum of understanding “will facilitate mutual cooperation and assistance in the event of the insolvency of a brokerage firm […]
Ontario regulator in step with other provinces