CIPF is a not-for-profit corporation established by the sponsoring SROs to protect customers in the event of the insolvency of a Member.
A fund established to protect customers in the event of insolvency of a member of any of the following sponsoring self-regulatory organizations: the Bourse de Montréal, Toronto Stock Exchange, TSX Venture Exchange and the Investment Dealers Association of Canada.
The primary role of the Canadian Investor Protection Fund (CIPF) is to provide protection to clients, within defined limits, who suffer financial loss due to the insolvency of a member organization. The CIPF does not cover losses that result from the changing market values of securities. It is set-up by the stock exchanges and the Investment Dealers Association.
An industry sponsored fund that protects investors from losses resulting from the bankruptcy of a member firm. The maximum coverage is $500,000 per account, of which up to $60,000 can be cash. The CIPF is sponsored by the Investment Dealers Association of Canada, the Toronto Stock Exchange and Futures Exchange, and the Montreal, Vancouver and Alberta Stock Exchanges.
A fund set up by the stock exchanges and Investment Dealers Association to protect investors from losses resulting from the bankruptcy of a member firm. Formerly the National Contingency Fund.
A fund set up by the stock exchanges and the Investment Dealers Association to protect investors from losses if any member company goes bankrupt. The CIPF covers up to $1,000,000 for losses related to securities and cash balances. For more information please visit their website at http://www.cipf.ca.
The Canadian Investor Protection Fund (CIPF) is a not-for-profit corporation created by the Canadian investment industry to protect investor assets in the event of a CIPF member's bankruptcy. The CIPF is funded by CIPF members which consist of approximately 200 investment dealers in Canada. Investors automatically receive coverage by opening an account with a member of the CIPF.
