CIPF Mission Statement
To contribute to the security and confidence of customers of IIROC Dealer Members
by maintaining adequate sources of funds to return assets to eligible customers
in cases where a Member becomes insolvent
CIPF Members are Dealer Members of the Investment Industry Regulatory Organization of Canada (IIROC). In the unlikely event that the Member you are dealing with becomes insolvent, CIPF will ensure the securities, cash and other property that are held in your account are returned to you in accordance with our Coverage Policy.
Investment dealer insolvency doesn’t happen very often. In fact, since CIPF’s inception in 1969 there have been only 20 Member insolvencies. CIPF has paid claims and/or related expenses of $43 million, net of recoveries, and no eligible customers have suffered a loss of property.