Since its creation in 1969, CIPF has stepped in to help investors following the failure of 18 investment dealers like Thomson Kernaghan. In fact, CIPF has paid $36 million for claims and related expenses net of recoveries arising from these failures.
Yet many investors are unaware of the tremendous benefits of CIPF Coverage when a Member investment dealer fails. By communicating these benefits to your clients, you can reassure them that most, if not all, of their investments will be returned to them if their investment dealer becomes insolvent.
Continuing Education Modules Eligible for Compliance Credits
To help you understand the protection CIPF provides so that you can comfortably discuss it with your customers, information about CIPF coverage is set out in the Continuing Education module "Introducing the Canadian Investor Protection Fund". This webcast is IIROC accredited and qualifies for one hour CE Compliance credit. To register click here.
The Continuing Education module: "Talking to Your Clients about Canadian Investor Protection Fund (CIPF)" also is IIROC accredited and qualifies for .5 hour CE Compliance credit. In this module, Rozanne Reszel of CIPF, John MacDonald from Environics Research Group and Lorne Weiss, an investment advisor with ScotiaMcLeod, discuss CIPF fundamentals and the benefits of talking to clients proactively about investor protection. To register click here.
For detailed information regarding how our coverage works, you can also refer to FAQs and CIPF Coverage.
Worth Knowing - The CIPF Newsletter
2013: Issue 1
2012: Issue 1
2011: Issue 2
2011: Issue 1
2010: Issue 3
2010: Issue 2
2010: Issue 1