The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Tag Archives: FINRA

IIROC and FINRA Sitting in a Tree, W-h-i-s-t-l-e-b-l-o-w-i-n-g!

WhistlesThe Investment Industry Regulatory Organization of Canada (IIROC) established a new Whistleblower Service that was open for business as of yesterday.  According to IIROC President and CEO Susan Wolburgh Jenah:

“This service will ensure that individuals who believe that they have significant information to convey deal directly with IIROC senior staff who will ensure that each tip is properly evaluated and promptly dealt with.”

The IIROC announcement follows, with uncanny precision, in the footsteps of FINRA’s March 5 announcement of its whistleblower service, described by FINRA’s Interim CEO Stephen Luparello as follows:

“This new initiative will ensure that individuals with significant information will reach senior staff, who can quickly assess the level of risk involved and make sure that each tip is properly evaluated. Those tips warranting additional review and investigation will be subject to an expedited regulatory response.”

Well, you know what they say: Great self-regulatory organizations think alike!

Bookmark and Share

Follow

Get every new post delivered to your Inbox.

Join 126 other followers