IIROC Invites Public Comment on IIROC Arbitration Program
Investor access to a straightforward, expeditious dispute resolution system to address disputes with IIROC Dealer Members fosters confidence in capital markets and the financial services industry. There are currently a number of recourses available to investors to address disputes with IIROC-regulated firms, including the IIROC arbitration program. Dealer Member Rule 37.1 has been in place since 1996 and requires Dealer members to participate in an arbitration program that has been approved by the IIROC Board of Directors.
Commencing in the fall of 2008, IIROC undertook a comprehensive review and evaluation of the arbitration program. The results are discussed in the Notice.
IIROC invites public comment on the matters raised in the Notice and, particularly, the following:
1. the benefits of arbitration and the viability of the program; 2. the experience of parties to arbitration cases under the program and suggestions to improve effectiveness and utilization of the program; and 3. IIROC's proposal to increase the award limit under the program from the current limit of $100,000.
Comments will be accepted until
Comment letters may be addressed to:
Rosemary Chan Senior Vice President and General Counsel Investment Industry Regulatory Organization of Canada 121 King Street West, Suite 1600 Toronto, Ontario M5H 3T9
IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in
For further information: For further information: Connie Craddock, Vice President, Public Affairs, (416) 943-5870 or [email protected]
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