Self-regulation in the Canadian securities industry: Funnel in, funnel out, or funnel away?
MetadataShow full item record
The study analysed the processing of complaints against investment brokers and Dealer Members through the Investment Dealer Association (IDA) of Canada's disciplinary system between 2002 and 2007. The cases processed are discussed in relations to a misconduct funnel that examines the IDA's claim that it brought more complaints into the disciplinary system (funnel in), and shows how these complaints were reduced once they entered the system (funnel out), and deflected away from the criminal justice system (funnel away). The results indicate that the IDA was ineffective in disciplining its members because it was unable to handle the more serious and systemic industry problems. To respond to its impossible mandate, the IDA was involved in symbolic management to create a well-crafted image for public consumption of its effectiveness, notwithstanding its inability to do so in practice. The results further increased the call for cross-disciplinary research on securities market regulation.
DescriptionElsevier grants permission for the accepted manuscript version of this article to be deposited in this repository. The version of record is available at https://doi.org/10.1016/j.ijlcj.2014.11.002.
Showing items related by title, author, creator and subject.
An update on self-regulation in the Canadian securities industry (2009-2016): Funnel in, funnel out, and funnel away Lokanan, Mark (Journal of Financial Regulation and Compliance, 2018)Purpose –The paper analyzed the processing of complaints against investment advisors and Member firms through the Investment Industry Regulatory Organization of Canada (IIROC) enforcement system between 2009 and 2016. The ...
Lokanan, Mark (Administration and Society, 2015)This article examines the applicability of responsive regulation within an inter-agency framework in the financial sector. To do so, the article uses the self-regulatory organization that is responsible for governing ...
Dobbs, Jamie McCance (Electronic version published by Vancouver Island University, 2014)This thesis discusses the knowledge the author gained through her own lived autoethnographic experiences playing hockey, interpreted through research-based evidence, to show how sport and exercise can impact students’ ...