Dear Mr. Johnstone,
The Canadian Investment Regulatory Organization (CIRO) is in receipt of your email referencing the ‘Wolf of Oakville' forwarded to this department for review/response/action.
CIRO’s jurisdiction
• CIRO does not have regulatory jurisdiction over public companies or the officers, directors or employees of those companies or the general public. They fall under the regulatory jurisdiction of the provincial securities commissions in Canada.
• CIRO does have regulatory jurisdiction over CIRO dealer members and their registered employees (i.e. the firm where you have your brokerage account and the registered individuals that work there). Here is a list of the firm’s CIRO regulates:
Stock Forums
CIRO monitors bullboards, blogs, chat rooms and social media sites on the Internet, however, does not have regulatory jurisdiction over individuals who post their views or opinions on such sites. Given the unregulated nature of the internet, investors should be careful about relying on unverified information obtained from chat rooms or other social media sites. Investors should always attempt to verify information through an objective and authoritative source, such as a company’s public disclosures and filings, which can be found on the SEDAR website. Investors should also seek financial advice from a qualified (registered) financial professional.
That said, you may wish to communicate your concerns with your provincial securities commission. Use the following hyperlink form the Canadian Securities Administrators website.
The Canadian Investment Regulatory Organization (CIRO), a consolidation of IIROC and the MFDA is the pan-Canadian self-regulatory organization that oversees all investment dealers, mutual fund dealers and their trading activity in Canada’s debt and equity markets. CIRO sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. CIRO carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian debt and equity marketplaces.
Regards,
| Sr. Complaint & Inquiries Specialist |
| Complaints & Inquiries |
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| T: 1-877-442-4322 |
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| investorinquiries@iiroc.ca |
| 121 King St. West, #2000, Toronto, ON M5H 3T9 |
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