While FAIR Canada fully supports IIROC’s proposal to increase the arbitration award limit from $100,000 to $500,000, we recommend an even higher award limit in the future. FAIR Canada also recommends that IIROC fund a no- or low-cost service to assist individual investors as they navigate through the arbitration process.
Finally, FAIR Canada suggests that IIROC publish detailed aggregate statistical information about cases that have gone through arbitration, and consider publishing full decisions in the future.
Click here to read the full submission to IIROC.
