Investor Alert:
CIRO is warning investors about a fraud scheme where fraudsters, linked to a company called TopFirstGroup, falsely claim that IIROC and CIRO require investors to make border fee payments to release funds held at a financial institution under CIRO’s name.
CIRO is publishing an updated version of GN-4100-21-004 – Schedule 9 of Form 1, concentration of securities. The updated Guidance Note is effective immediately.
GN-4100-21-004 was originally published on October 14, 2021, and was carried forward from guidance issued under Dealer Member Rules. Since then, we implemented amendments to Schedule 9 that scale debt securities with a normal margin requirement of <=10% into the Schedule 9 framework. As a result, we updated the Guidance Note to ensure it provides current guidance on Schedule 9 requirements.
Appendix
Appendix A – GN-FORM1-24-001 – Schedule 9 of Form 1, Concentration of Securities Guidance
