Conduct, Compliance, and Legal Advisory Section (CCLS)

A key component of an effective self-regulatory organization is the development of rules with policy committee involvement. Policy staff perform the key role of coordinating the rule development process in consultation with the appropriate committees.

Reports To

Member Regulation Policy


Specific Responsibilities

The Section advises on the development of rules and policies on business conduct, enforcement, and registration related matters affecting Dealer Members, and it provides a forum for the exchange of information on complying with CIRO and other requirements that relate to business conduct, enforcement, and registration related matters.


Membership

Membership in the Section is restricted to senior business, legal and compliance officers or other persons having similar responsibilities, regardless of title who are employed by Dealer Members or Marketplace Members.

Standing Members:

  • President (or another officer of CIRO designated by the President)
  • Chair of the Board (or another member of the Board designated by the Chair of the Board)

Liaison Officers: A liaison officer shall be appointed by the Section to represent the Bourse de Montreal and the Canadian Investor Protection Fund.


Term

No term or limit on the number of terms


Nominating Process

Each Member shall be permitted to nominate a maximum of three persons for membership in the Section, providing they meet the membership requirements. Where a Member has nominated either two or three persons to be members of the Section, one of the nominations must be designated as the "Primary Member" and the other nomination(s) must be designated as the "Alternate Member(s)".


Appointment Process

The Vice-President, Member Regulation Policy will review all nominees and recommend appointments. The Senior Vice-President, Member Regulation will approve the appointments to the Section.


Show of Support

Each Member with members in the Section shall be entitled to one (1) show of support at the Section's meetings; provided that if any two (2) or more Members are affiliates of each other, such Members shall jointly be entitled to one (1) show of support at the Section's meetings. The individual chairing the Section meeting (the Chair, Vice-Chair or his or her designate) shall only have a show of support in the case of a tie.


Chair and Vice-Chair

The Chair and Vice-Chair of the Section shall hold office for a two-year term commencing on the date of the Section Bi-Annual Meeting of the relevant year. In order to ensure continuity, the Vice-Chair will assume the role of Chair of the Executive Committee for the subsequent two-year period.


Meeting Schedule

The Section will meet a minimum of three times annually at the request of the Vice-President, Member Regulation Policy. Special meetings may be called at the request of the Chair, the Senior-Vice President, Member Regulation or the President and CEO.


Executive Committee

The Section shall be governed by an Executive Committee comprised of the Chair and Vice-Chair of the Section, with up to 13 additional members, who are members of the Section.

Chair and Vice-Chair: The Chair and Vice-Chair of the Section shall be the same individuals and be subject to the same term limits as the Chair and Vice-Chair of the Section, respectively.

A Nominating Committee comprised of the Chair and Vice-Chair shall submit to the Section Annual Meeting a list of persons that it recommends serve on the Executive Committee. In determining its recommended list of persons, the Nominating Committee shall ensure that there is equitable representation on a geographic (regional versus national dealers), business line (institutional versus retail, debt versus equity versus derivatives) and business size (small, medium and large sized firms) basis.

Appointment Process: The Vice-President, Member Regulation Policy will review all nominees and recommend appointments to the Senior Vice-President. The Senior Vice-President, Member Regulation will approve the appointments to the Executive Committee.


Sub-Committees

Standing Sub-Committees may be established at the initiative of CIRO with input from the Executive Committee.

Appointment Process: The Vice-President, Member Regulation Policy will review all nominees and recommend appointments to the Senior Vice-President. The Senior Vice-President, Member Regulation will approve the appointments to the Sub-Committee.


Executive

NameOrganization
Jehred Ross, ChairScotia Capital Inc.
Gillian Kunza, Vice ChairDesigned Securities Ltd.
Amanda BatemanEdward Jones
Nick CardinaleRBC Dominion Securities Inc.
Leo CicconeBloom Burton Securities Inc.
Lou D’SouzaCI Investments Inc.
Mary Joyce EmpensandoQuestrade, Inc.
Jason EnouyRaymond James Ltd.
Christopher HillStifel Nicolaus Canada Inc.
Radek LoudinDesjardins Securities Inc.
Patrick MillsRed Cloud Securities
Dave MooreBMO Nesbitt Burns Inc.
Kari TavenerLiquidnet Canada Inc.
Sunil ThomasTD Securities Inc.
Michael WilliamsRichardson Wealth Limited
Phil Devault, CIRO RepresentativeCIRO
Sonja McCreary, CIRO RepresentativeCIRO

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Primary Members

NameOrganization
Jehred Ross, ChairScotia Capital Inc.
Adam AbramsonGeneration IACP Inc.
Govind AchyuthanAcumen Capital Finance Partners Limited
Robert AllenCaldwell Securities Ltd.
Mike ArthurMorgan Stanley Wealth Management Canada Inc.
Robb BassettRaymond James Ltd.
Amanda BatemanEdward Jones
Nigel BellCitigroup Global Markets Canada Inc.
Jean‑François BernierInteractive Brokers Canada Inc.
Brandon BoydVirtu ITG Canada Corp.
Marian BuklisAcker Finley Inc.
Jean-Francois CaronNational Bank Financial Inc.
Mark CensaleWells Fargo Securities Canada, Ltd.
Mark ChadakhtzianCTI Capital Securities Inc.
Leo CicconeBloom Burton Securities Inc.
Kirk CoeWebull Securities (Canada) Ltd.
Natalie CoutuRBC Dominion Securities Inc.
Pauline DavisonCWB Wealth Partners
Catherine De GiustiWealthsimple Investments Inc.
Sesto DeLucaW.D. Latimer Co. Limited
Noah DodekLeede Jones Gable Inc.
Jennifer DohertyJC Clark Ltd.
Brian DriscollIPC Securities Corporation
Lou D’SouzaCI Investment Services Inc.
Louise DuchesneLightyear Capital Inc.
Julie EisenstatCormark Securities Inc.
Calder EllisHarbourfront Wealth Management Inc.
Mary Joyce EmpensandoQuestrade, Inc.
Alison FletcherMandeville Private Client Inc.
Daniel GordonFriedberg Mercantile Group Ltd.
Claudia GourdePictet Canada L.P.
Darren GrossPeters & Co. Limited
Kelsey GundersonLaurentian Bank Financial Group
Sally Haldenby HabaCaldwell Securities
Meghan HerdRBC Direct Investing
Christopher HillStifel Nicolaus Canada Inc.
Kelley HofferMerrill Lynch Canada Inc.
Helen HsiaPortfolio Hiway Inc.
Yan HuangVered Wealth Management (Canada) Company Limited
Sindy JaggerK.J. Harrison Partners Inc.
Nick KaterinakisGoldman Sachs Canada Inc.
Edward KayATB Capital Markets Inc.
John KennedyBarclays Capital Canada Inc.
Thomas KimHSBC Securities (Canada) Inc.
Joe LadeiraClarus Securities Inc.
Yasmin LalaniCredential Qtrade Securities Inc.
Dave LapenseeChippingham Financial Group
Radek LoudinDesjardins Securities Inc.
Patrick McNenlyResearch Capital Corporation
Patrick MillsRed Cloud Securities Inc.
Tom MonahasClarus Securities Inc.
Dave MooreBMO Nesbitt Burns Inc.
Terry MooreCIBC Investor Services Inc.
Natasa MorfesisWorldsource
Jeremy NagyCIBC World Markets Inc.
Gregory NowakowskiTD Securities Inc.
Peter PacholkoOdlum Brown Limited
Tracey PatelJ.P. Morgan Securities Canada Inc.
Joe PavaoFoster & Associates Financial Services Inc.
Brian ProsserB2B Bank Securities Services Inc.
Margaret ProviasAssante Capital Management Ltd.
Brian PynnATB Securities Inc.
Sylvain RacineMirabaud Canada Inc.
Danielle RaymondJitneyTrade Inc.
Tomas SetoICP Securities Inc.
Craig SchleyerAligned Capital Partners Inc.
Kim ShiltonWellington-Altus Private Wealth Inc.
Jonathan SherwinInstinet Canada Cross Limited
Gurjinder SinghSCP Resource Finance LP
Brian SmallhornMorgan Stanley Canada Limited
Jane SmithAssante Capital Management Ltd.
Christina SoaresAligned Capital Partners Inc.
Peter SousarisCanadian ShareOwner Investments Inc.
Kari TavenerLiquidnet Canada Inc.
Danielle TetraultInvestors Group Securities Inc.
Richard ThomasPI Financial Corp.
Bruce ThompsonHaywood Securities Inc.
Katharine VarikCumberland Private Wealth Management Inc.
Matthew VaughnCitadel Securities Canada ULC
Sharon WatkinsSandstone Asset Management Inc.
John WebsterQueensbury Securities Inc.
Michael WilliamsRichardson Wealth Limited
André ZangaCasgrain & Company Limited

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Alternate Members

NameOrganization
Ella AdamResearch Capital Corporation
Jennelyn AdonaCormark Securities Inc.
Joy AllenScotia Capital Inc.
Michael ArthurMorgan Stanley Wealth Management Canada Inc.
Jean-Paul BachelleriePI Financial Corp.
Michael BignellQueensbury Securities Inc.
Torstein BraatenInstinet Canada Limited
David BrackenW.D. Latimer Co. Limited
Bill BrownResearch Capital Corporation
Kaella BubelAssante Capital Management Ltd.
David CampbellICP Securities Inc.
Nick CardinaleRBC Dominion Securities Inc.
Andrew CarringtonState Street Global Markets Canada Inc.
Richard CarterLeede Jones Gable Inc.
Warren CarterMorgan Stanley Wealth Management Canada Inc.
Shweta ChadhaRGF Wealth Management Ltd.
Ryan ChenCaldwell Securities Ltd.
Meye ChowWellington‑Altus Private Wealth Inc.
Brian ChoyMorgan Stanley Canada Limited
Jillian ClarkCIBC Investor Services Inc.
Kirk CoeBMO InvestorLine Inc.
Lesley ConnorsMorgan Stanley Wealth Management Canada Inc.
Lloyd CostleyRaymond James Ltd.
Marissa CusiEdward Jones
Paul EbachGravitas Securities Inc.
Christopher EnrightAligned Capital Partners Inc.
Paul FalcaoB2B Bank Securities Services Inc.
Lionel FoglerKingwest & Company
Olivier GoyetteNational Bank Financial Inc.
Eliza GuerdjikovaMerrill Lynch Canada Inc.
Lysiane GuillemetteCasgrain & Company Limited
Iggy GuliziaMandeville Private Client Inc.
Sally Haldenby HabaCaldwell Securities Ltd.
Eva HuaCitadel Securities Canada ULC
Diana IannettaTD Securities Inc.
Daniel ImPortfolio Hiway Inc.
Michael KazmierowskiB2B Bank Securities Services Inc.
Inna KholodenkoQuestrade, Inc.
Vesna KusicRBC Direct Investing Inc.
David LangRBC Dominion Securities Inc.
David LuVered Wealth Management (Canada) Company Limited
Bill LyonsCIBC World Markets Inc.
David MacFadyenOMG Wealth Management Inc.
Mark MaisonvilleHaywood Securities Inc.
Laurinda MartinsKingwest & Company
Jeanette MatiasHSBC Securities (Canada) Inc.
Nadyne McConkeyNational Bank Financial Inc.
Nawaz MeghjiEdward Jones
Myja MillerAcumen Capital Finance Partners Limited
Lafleche MontreuilDesjardins Securities Inc.
Kevin MoonTD Securities Inc.
Terry MooreCIBC Investor Services Inc.
Lee MoritaCIBC World Markets Inc.
Hinson NgRF Securities Clearing LP
Kelvin OngATB Capital Markets Inc.
Kuba OrzechowskiCaldwell Securities Ltd.
Lisa PageFidelity Clearing Canada ULC
Brent PickerlSandstone Asset Management Inc.
Shaine PollockRBC Capital Markets
Margaret ProviasAssante Capital Management Ltd.
Monica PuAll Group Financial Services Inc.
Jane RatchfordScotia Capital Inc.
Kim RitchieRF Securities Clearing LP
Michael RolandParadigm Capital Inc.
Ali RouhaniBarclays Capital Canada Inc.
James RudderhamMD Management Limited
Raj SachdevaCitigroup Global Markets Canada Inc.
Marc SansregretCanaccord Genuity Corp.
Marie-Noelle SavoieMacDougall, MacDougall & MacTier Inc.
Mamta SharmaBMO Nesbitt Burns Inc.
Geoffrey StaynerRF Securities Clearing LP
Angela StirpeCaldwell Securities Ltd.
Sunil ThomasTD Securities Inc.
Soi ToCI Investment Services Inc.
Bernardino UgoliniAligned Capital Partners Inc.
Kambiz Vatan‑AbadiCI Investment Services Inc.
Paige WaddenFidelity Clearing Canada ULC
Lesley Walters‑SagherWellington-Altus Private Wealth Inc.
Michael WardParadigm Capital Inc.
Scott WardleW.D. Latimer Co. Limited
Shelley WhitneyCredential Qtrade Securities Inc.

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Education

NameOrganization
Brad Rowland, RegistrationsiA Private Wealth Inc.
Joy AllenScotia Capital Inc.
Shailesh AmbikeScotiabank
Bill BrownMackie Research
Brian ChoyMorgan Stanley Canada Limited
Marissa CusiEdward Jones
Alexandra DiplarosCIBC Wood Gundy
Andrew DundassUBS Securities Canada Inc.
Firdaus KapadiaScotia Capital Inc.
Brian PynnATB Securities Inc.
Wendy SieukaranBMO Nesbitt Burns Inc.
Dianne Weatherby, CIRO RepresentativeCIRO

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Institutional

NameOrganization
Brian Smallhorn, ChairMorgan Stanley Canada Limited
Lafleche Montreuil, Vice-ChairDesjardins Securities Inc.
Ella AdamATB Capital Markets Inc.
Jennelyn AdonaCormark Securities Inc.
Shailesh AmbikeScotiabank
Brandon BoydVirtu ITG Canada Corp.
Louis CavalarisEchelon Wealth Partners Inc.
Mark CensaleWells Fargo Securities Canada, Ltd.
Natalie CoutuRBC Dominion Securities Inc.
Ross DavidsonRaymond James Ltd.
Eliza GuerdjikovaMerrill Lynch Canada Inc.
Christopher HillStifel Nicolaus Canada Inc.
Moshe IferganBeacon Securities Limited
Nick KaterinakisGoldman Sachs Canada Inc.
Edward KayATB Capital Markets Inc.
Gareth McDonaldState Street Global Markets Canada Inc.
Patrick MillsRed Cloud Securities Inc.
Neil MortoniA Private Wealth Inc.
Scott NorrisEight Capital
Tracey PatelJ.P. Morgan Securities Canada Inc.
Ron PersaudCIBC World Markets Inc.
Adnan QuaderTD Securities Inc.
Michael RolandParadigm Capital Inc.
Jehred RossScotia Capital Inc.
Ali RouhaniBarclays Capital Canada Inc.
Raj SachdevaCiti Canada
Mamta SharmaBMO Nesbitt Burns Inc.
Jonathan SherwinInstinet Canada Cross Limited
Kari TavenerLiquidnet Canada Inc.
Wayne WarnerNational Bank Financial
Sonja McCreary, CIRO RepresentativeCIRO
Rezarte Vukatana, CIRO RepresentativeCIRO

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Money Laundering

NameOrganization
Andrew Morris, ChairQuestrade Inc.
Jennelyn AdonaCormark Securities Inc.
Brian ChoyMorgan Stanley Canada Limited
Patrick ChuLeede Jones Gable Inc.
Carl DubickiEdward Jones
Joanne FisherBMO Nesbitt Burns Inc.
George GeorgiopoulosInteractive Brokers Canada
Edward KayATB Capital Markets Inc.
Tony LalondeScotia Capital Inc.
Ronald NgCredential Qtrade Securities Inc.
Kelvin OngCredit Suisse Securities (Canada) Inc.
Angela PavaoTD Securities Inc.
Michael PawliwRaymond James Ltd.
Jonathan SherwinInstinet Canada Cross Limited
Ekaterina Golofast TsimmermanMerrill Lynch Canada
Sam WiltshireWealthsimple Investments Inc.
Madeleine Cooper, CIRO RepresentativeCIRO
Sonja McCreary, CIRO RepresentativeCIRO

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Order Execution Only

NameOrganization
Mary Joyce Empensando, ChairQuestrade, Inc.
Jean-François BernierInteractive Brokers Canada Inc.
Catherine De GiustiWealthsimple Investments Inc.
Dan DiFrancoScotia Capital Inc.
Christopher DimitropoulosHSBC Securities (Canada) Inc.
Lou D’SouzaCI Financial Services
Meghan HerdRBC Direct Investing
Claude LangloisDesjardins Securities Inc.
Kevin MoonTD Securities Inc.
Terry MooreCIBC World Markets Inc.
Ojima OrifaBMO Investorline.
Brigitte RobyNational Bank Financial Inc.
Shelley WhitneyCredential Qtrade Securities Inc.
Sonja McCreary, CIRO RepresentativeCIRO
Vinesh Umanee, CIRO RepresentativeCIRO

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Retail

NameOrganization
Nick Cardinale, ChairRBC Dominion Securities Inc.
Kate Schroeder, Vice ChairInvestors Group Securities Inc.
Naomi BartlettInvestors Group
Bill BrownResearch Capital Corporation
Kaella BubelAssante Capital Management Ltd.
Brian BulgerEdward Jones
Lou D’SouzaCI Financial Services
Brian DriscollMandeville Private Client Inc.
Paul EbachGravitas Securities Inc.
Calder EllisHarbourfront Wealth Management Inc.
Robert GoldbergCaldwell Securities Ltd.
Fabian Di GiovanniRaymond James Ltd.
Edward KayATB Capital Markets
Bill LyonsCIBC Investor Services Inc.
Julie OuellonWenteBMO Nesbitt Burns Inc.
Santiago PinedaScotia Capital
Sonja McCreary, CIRO RepresentativeCIRO
Erica Young, CIRO RepresentativeCIRO

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