Canadian investment industry regulators have launched an expanded Canadian Disciplined Persons List as an aid to investors.
The list is a “one-stop shop” for people looking to investigate potential investment opportunities to ensure that no one involved has ever been disciplined by a Canadian regulator, said Richard Gilhooley, communications officer for British Columbia Securities Commission (BCSC).
“It’s definitely intended to serve the consumer. It’s basically to provide a tool for them to use during their due diligence.”
The list integrates lists from the Canadian Securities Administrators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).
It includes all people disciplined by:
- the Alberta Securities Commission since 2005;
- the Autorité des marchés financiers since 2004;
- the BCSC since 1987;
- the Bureau de décision et de révision en valeurs mobiličres since 2004;
- the Manitoba Securities Commission since 1999;
- the New Brunswick Securities Commission since 1991;
- the Nova Scotia Securities Commission since 2002;
- the Ontario Securities Commission since 1997;
- the Saskatchewan Financial Services Commission since 2005;
- the Quebec provincial court since 2004;
- IIROC since 2004; and
- the MFDA since 2004.
The list, which includes the names of people whose sanctions have expired, is available on the CSA website.