Misguided faith in tactical trading strategy led to the violations
With complaints on the rise, disciplinary activity slowed in fiscal 2021, IIROC reports
An oversight examination has uncovered just one "low-priority" issue with market surveillance
The regulator reduced penalties against an advisor after finding errors in the SRO's decision
The proposals are out for a 60-day comment period
Rep fined $75,000, suspended for six months in settlement with regulators
IIROC also is looking at retail complaints and disgorgement, among other SRO priorities
Reporting changes will be rolled into a bigger project on complaints, investigations
Investor advisory panel would provide feedback on regulatory policy issues and initiatives
The group will provide industry input on advisor education