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IIROC has produced an educational webcast...


Date: Wednesday, April 4, 2012
Author: News Release

The Investment Industry Regulatory Organization of Canada (IIROC) has produced an educational webcast to provide insight into issues related to accredited investors.

The 30-minute webcast released by IIROC explains how advisors are still required to meet obligations to ensure investments are suitable for clients, even when those clients meet the accredited investor criteria.

It also provides valuable information for curious investors, including tips about the higher risks accredited investors face when they buy securities offered without a prospectus.

“It’s essential that advisors and their clients understand the implications of accredited investor status before proceeding with any securities purchase,” says Rosemary Chan, IIROC’s senior vice-president of member compliance and general counsel.

She adds, “This video helps bring added clarity and public awareness to an advisor’s suitability and due diligence requirements in working with clients.  Investor protection is an important part of our mandate and investor and advisor education play a critical role.”