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.
On March 27, 2019, the Board of Directors (the Board) of the Investment Industry Regulatory Organization of Canada (IIROC) approved for publication for comment proposed amendments to subsection 5.3(2) of IIROC By-law No. 1 (the By-law) to change the way in which Director term limits are calculated.
The amendment is subject to final Board, regulatory and Member approvals. IIROC intends to seek Member approval of the amendment at its Annual General Meeting in September 2019.
Date opened: April 4, 2019
Date closed: May 6, 2019
Status: Closed
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