NCFAs innovation and funding ecosystem

Joint Statement from CSA and IIROC on Recent Market Volatility

CSA and IIROC | Release | Feb 1, 2021

message from regulators on market volatility - Joint Statement from CSA and IIROC on Recent Market Volatility

TORONTO - The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are closely monitoring how extreme price movement of certain stocks may be contributing to volatility in Canada’s capital markets.

We will take appropriate regulatory action to protect investors if we identify that abusive or manipulative trading activity may be taking place.

With strong market oversight and surveillance infrastructure in place, Canadian regulators are working together closely to protect investors while ensuring that the markets operate in an orderly manner and with integrity. We are monitoring  market activity in real-time to support healthy Canadian capital markets and to protect investors. Canada’s capital markets remain strong.

See:  The Future of Stakeholder Capitalism and Why GameStop is a Syllabus

The CSA and IIROC continue to be in close contact with regulators domestically and internationally, recognizing that trading and market volatility is not confined by borders.

We also continue to be in close contact with regulated entities, and will continue to monitor issuers’ compliance with disclosure requirements for anything material that might affect their stock prices.

We caution investors to consider the source of information and advice they are relying on to make investment decisions. Online chat rooms are unregulated and may contain information that is inaccurate or inappropriate for some investors. Investors should always check the registration of any person or business trying to sell them an investment or give them investment advice. To do this, investors can visit AreTheyRegistered.ca or IIROC’s database of advisors working for IIROC regulated firms.

The CSA and IIROC will continue to work to protect investors from improper and unfair practices in the capital markets.

View the original release --> here

 


NCFA Jan 2018 resize - Joint Statement from CSA and IIROC on Recent Market Volatility The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Joint Statement from CSA and IIROC on Recent Market VolatilityFF Logo 400 v3 - Joint Statement from CSA and IIROC on Recent Market Volatilitycommunity social impact - Joint Statement from CSA and IIROC on Recent Market Volatility

Support NCFA by Following us on Twitter!






NCFA Sign up for our newsletter - Joint Statement from CSA and IIROC on Recent Market Volatility



For more information about FFCON21: BREAKING BARRIERS, on-demand videos and ways to participate




 

Leave a Reply

Your email address will not be published. Required fields are marked *