Canadian Investor Protection Fund


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Canadian Investor Protection Fund

A not-for-profit organization mandated under Canadian law to insure investors against the potential bankruptcy of a broker-dealer. If a broker or dealer goes bankrupt after a client has entrusted it with cash or securities, the CIPF will compensate the client up to $1 million. Over 200 brokers, dealers, and others are members of the CIPF, and fund its activities. It is important to note that the CIPF does not insure against losses by investors, only against the possibility that a broker-dealer may be unable to conduct a transaction because of bankruptcy.
References in periodicals archive ?
Standard Securities Capital Corporation is a member of the Toronto Stock Exchange, the Investment Dealers Association of Canada and a member of the Canadian Investor Protection Fund.
is a member of the Investment Dealers Association and Canadian Investor Protection Fund, and is a subsidiary of VERSUS Technologies Inc.
Priority Brokerage is licensed to do business in all provinces except Manitoba and Quebec, where applications are pending, and is a member of the Canadian Investor Protection Fund (CIPF) and the Investment Dealers Association of Canada (IDA).
Friedberg is also a member of the Canadian Investor Protection Fund (CIPF), so all FXCM Canada accounts are protected by the CIPF for up to $1 million.
Member, Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.
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