More recently, cryptocurrencies have become all the rage, and there are already some IIROC cryptocurrency brokers. Even though cryptocurrencies have not been legalized in Canada, these brokers treat them as over-the-counter derivatives. Under the label, they are allowed to offer cryptocurrencies like bitcoin, Ethereum, Litecoin, etc. as options. In case you had an interest in cryptocurrencies... IIROC also oversees a membership process for Canadian marketplaces. Any marketplace that retains IIROC as its regulation services provider to regulate equity trading activity will become a Marketplace Member. All firms operating as Alternative Trading Systems must become Dealer Members, in addition to being Marketplace Members.
investment industry regulatory organization of canada in the matter of: the rules of the investment industry regulatory organization of canada (iiroc)... "We'd rather work with a discretionary investment counsellor rather than become IIROC or MFDA-licensed," he says. Rechtshaffen doesn't consider mutual funds good for most clients. "Therefore, I think the MFDA platform is not suitable for everyone.
So to get a license as a stock trader, you first need to be hired by a firm that will put you to work trading and also sponsor you for the securities license. There are no specific per-qualification requirements to get a job as a broker. The typical arrangement is that you have a job agreement that continues only if you to pass the Series 7. Often the firm will provide or pay for a training... The MFDA advisors' lament that IIROC forces them to become investment managers—as opposed to financial planners—is baseless too. No one's forcing them to sell more products than they currently do. If anything, IIROC widens the scope of what they can have access to.
26/10/2018 · The IIROC allows its members to offer a wider range of investments, so if that's important to you, make sure you choose a company that is registered with the IIROC.  For instance, firms that deal with the MFDA primarily are allowed to manage mutual funds, while firms licensed with the IIROC work with all types of securities from stocks and bonds to options and futures.
(if you not planning to become IIROC license in the future you don't need the CSC) Most of bank will pay for the course if it is required by your position. IFIC is a lot cheaper and is also a lot easier.