A boutique brokerage firm that joined the Canadian investment business less than two years ago is now resigning, according to Investment Industry Regulatory Organization of Canada (IIROC).

IIROC said Monday that Vancouver-based Tempest Capital Corp. is resigning its membership in the self-regulatory organization.

The firm, which joined IIROC in November 2012, describes itself as a boutique Canadian broker-dealer “which was founded for the purpose of providing a select group of investors with exclusive access to high-quality deal flow in the resource sector.”

“We are unique amongst investment dealers with a business model that focuses on a limited number of resource based financings annually,” it said.

The Investment Industry Association of Canada (IIAC) has warned that the small cap market generally, and the resource sector in particular, is suffering from an increasingly severe shortage of equity capital; and, that this is impacting the brokerage firms that focus on this market segment. The IIAC has repeatedly called on the federal government to help stimulate the flow of start-up capital through targeted tax measures.

Tempest has initiated the resignation process, IIROC says, noting that the effective date of its resignation will be announced later.