The offences of illegal insider trading and tipping are established in provincial securities legislation. The subject is an increasing focus of enforcement in all Canadian jurisdictions. The area is important to brokers in connection with both their personal trading and their gatekeeper duties. As an example, IIROC recently scheduled a hearing for November 9, 2009 in Vancouver alleging that an RR should not have accepted orders when he knew his client was likely in possession of material undisclosed information.

type Brokers’ Report – August 2009 – Insider Trading Developments