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Investment dealer regulator notes increased fine collection rates despite millions outstanding

Monday, May 14, 2018 @ 12:46 PM | By Ian Burns

Canada’s national regulator for investment dealers is saying legislative changes introduced in a number of provinces to increase their ability to collect fines have borne some fruit, and legal experts are saying they expect this trend to continue upward despite an acknowledgment of millions of dollars that remain outstanding.

In a report released May 4, the Investment Industry Regulatory Organization of Canada (IIROC) noted the collection of sanctions it has imposed on individuals who violated investment rules increased to $3.4 million, up from $3.1 million in...