Canadian Securities Regulation: Funnel In, Funnel Out, Funnel Away

Dr. Lokanan was granted Research and Professional Development funds for a research project that explores the policing of investment dealers and brokerage firms through a self-regulatory organization.

The paper analyzes the processing of complaints against investment brokers and dealer members through the Investment Industry Regulatory Organization of Canada (IIROC) from 2008 to 2017. IIROC is the self-regulatory organization (SRO) that is responsible for policing investment dealers and brokerage firms that trade in Canada’s securities market. Data for the study will come from IIROC's enforcement annual reports for the years examined. It is expected that the findings will be used to inform regulatory policies on securities market regulation in Canada.