‘Committed to investor protection’: IIROC gets investigative powers boost with new Alberta legislation

The regulator of investment dealers across Canada is set be granted the power to compel evidence and co-operation in its investigations from third parties including banks and phone companies.

Andrew Kriegler, chief executive Investment Industry Regulatory Organization of Canada, said new legislation introduced in Alberta on Monday would give the self-regulatory agency powers he hopes will be adopted across Canada.

“There’s a pretty darn good sense of momentum,” Kriegler said in an...

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