Enforcement Statistics

The following tables summarize enforcement cases received and handled for the period January 1 to December 31.

(a) Cases Opened (Click on table to reveal quarterly statistics)

YearTotal Cases OpenedEscalated to InvestigationEscalated to Litigation Group
201933410870
201845812790
2017469217151
2016446164129
2015448167124
201441812752
201342611361
201247410579
20114589449
20105128943
200958211250
20084529729
200735311435
200634012422
200550210211
2004298679
2003258330
20024410

(b) Cases Closed (Click on table to reveal quarterly statistics)

YearCase AssessmentInvestigationLitigation GroupTotal
201923046106382
201832275139536
201724844146438
20163075489450
20152644441349
20142763859373
20133785550483
20123695555479
20113825646484
20104435544542
20094334615494
20082898522396
20073247919422
20062406614320
2005265577329
2004240331274
200314660152
2002250025

(Click on table to reveal provincial statistics)

JurisdictionCase AssessmentInvestigationLitigation GroupAll Groups
Total Atlantic Region641222
Total Central Region856073218
Total Prairie Region27222473
Total Pacific Region21212567
Canada139107134380

(d) Cases in which Discipline Imposed (Click on table to reveal quarterly statistics)

YearCautionary Letter*Warning Letter*Agreement and UndertakingNotice of Hearing
20197868058
20181141271136
2017731110121
2016861200111
20158685169
20149590048
2013138137065
201213586048
201115181036
201018169035
2009**70192231
20080225731
200702181720
20060119108
200501361814
200406021
200301100
20020000

*Each Case may result in informal discipline to one or more subjects
**Cautionary letters were introduced in July 2009

(e) Cases Opened by Type (January 1, 2019 to September 30, 2019)

TypeNumber of
cases*
Percentage
of total
Pre-Signed Forms5216%
Suitability – Investments3811%
Business Standards3010%
Unauthorized/Discretionary Trading237%
Commissions and Fees227%
Transfer of Accounts185%
Complaint Procedure155%
Forgery / Fraud / Theft / Misappropriation / Misapplication144%
Active Signature Falsification144%
Policy & Procedures114%
Supervision102%
Personal Financial Dealings102%
Outside Activity102%
KYC Documentation Deficiency102%
Conflict of Interest92%
Suitability – Leveraging92%
Falsification / Misrepresentation92%
Confidentiality / Privacy72%
Sales Communication62%
Books / Records / Client Reporting42%
Know Your Product31%
Disclosure31%
Acting Outside Registration Status21%
Stealth Advising21%
Reporting Violations11%
Failure to Cooperate11%
Provincial Securities Legislation11%
Total334100%

*”Type” refers to the primary allegation in the case, whether or not the alleged conduct was found to have occurred.

(f) Cases Opened by Source (January 1, 2019 to September 30, 2019)

SourceNumber of
cases
Percentage
of total
METS18455%
Public11735%
MFDA Compliance165%
Whistleblower51%
CSA and Other Regulators41%
Financial Industry Participant31%
Member31%
Media21%
Total334100%

(g) Cases Closed by Reason (January 1, 2019 to September 30, 2019)

ReasonNumber of
cases
Percentage
of total
No Violation Established13034%
Hearing – Settlement – Violation Established8522%
Cautionary Letter(s) Sent7820%
Warning Letter6818%
Hearing – Violation Established164%
Referred To Other Enforcement Case41%
Referred – Issues outside MFDA jurisdiction11%
Total382100%

(h) METS Events Reported (January 1 to December 31) (Click to Reveal Quarterly Details)

YearTotal Events Reported*
20192,501
20183,656
20174,218
20163.501
20153,777
20143,379
20133,366
 20123,053
20112,416
20102,571
20092,880
20082,501
2007763

*Numbers may change as a result of updates made to the system