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.
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a member of the Investment Industry Regulatory Organization of Canada (IIROC), the Canadian Investor Protection Fund (CIPF), and all Canadian exchanges.
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