IIROC, CARP and Prosper Canada applaud Ontario Government for strengthening consumer protection

Toronto, March 31, 2017 – The Investment Industry Regulatory Organization of Canada (IIROC), CARP and Prosper Canada today praised Ontario Finance Minister Charles Sousa who announced that the provincial government will soon introduce legislative amendments that will strengthen investor protection for Ontarians and send a strong deterrent message to those who abuse the trust of their clients.

 

The three organizations have been advocating for changes to the Ontario Securities Act that will provide IIROC the legal authority to more effectively enforce its rules and discipline those who break them. The Ontario Minister of Finance signalled his intention today to give IIROC the ability to pursue the collection of disciplinary fines directly through the courts while delivering a keynote address at a financial services conference in Toronto.

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