TORONTO, May 25 /CNW/ - The Investment Industry Regulatory Organization
of Canada (IIROC) announced today that it has established a Whistleblower
Service to take prompt and effective action on reported first-hand knowledge
or tangible evidence of potential systemic wrongdoing, potential securities
frauds or unethical behaviour by individuals or firms in the investment
This service is in effect as of today.
To assist individuals who want to report information, IIROC has
established a centralized service which includes a toll free number
(1.866.211.9001) and a web page where individuals can email
(email@example.com) the IIROC Whistleblower team. Phone calls and emails
will be answered by a member of IIROC's Whistleblower team which is comprised
- Maureen Jensen - Senior Vice President, Surveillance & Compliance;
- Rosemary Chan - Senior Vice President, General Counsel & Corporate
- Carmen Crépin - Vice President, Québec; and
- Warren Funt - Vice President, Western Canada.
Whistleblower team members will immediately assess and ensure that prompt
and appropriate follow-up action on reported issues or behaviour is taken.
"This service will ensure that individuals who believe that they have
significant information to convey deal directly with IIROC senior staff who
will ensure that each tip is properly evaluated and promptly dealt with," said
Susan Wolburgh Jenah, IIROC President and CEO.
This new service will not replace IIROC's complaint handling services for
clients of IIROC-regulated firms. Clients of IIROC-regulated firms who would
like to make a complaint related to their account may call IIROC's Complaint
Line at 1.877.442.4322. Clients can also file a complaint online or print a
complaint form to send to IIROC.
IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces in
Canada. Created in 2008 through the consolidation of the Investment Dealers
Association of Canada and Market Regulation Services Inc., IIROC sets high
quality regulatory and investment industry standards, protects investors and
strengthens market integrity while maintaining efficient and competitive
capital markets. IIROC 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 equity
For further information:
For further information: Connie Craddock, Vice President, Public
Affairs, (416) 943-5870 or firstname.lastname@example.org