History of CIPF Canadian Investor Protection Fund English franais Investment Advisors | Members AAA Menu Home About Us CIPF’s Mandate The Segregated Funds Governance Affiliations History of CIPF Careers CIPF Coverage About CIPF Coverage When a Member is Insolvent Case Studies Coverage Policy Claims Procedures Recent Past Insolvencies Member Directory CIPF Investment Dealer Member Firms CIPF Mutual Fund Dealer Member Firms Past CIPF Member Firms News & Publications FAQs Contact Us Search Search When autocomplete results are available use up and down arrows to review and enter to select. History of CIPF Facebook Twitter Linkedin Home About Us History of CIPF CIPF Timeline 1969 The former Canadian Investor Protection Fund (Former CIPF), originally named the National Contingency Fund, was established as a trust by an Agreement and Declaration of Trust between several sponsoring Self-Regulatory Organizations (SROs) at the time: The Canadian, Montréal, Toronto, and Vancouver Stock Exchanges, and The Investment Dealers Association of Canada (IDA) The purpose of the Former CIPF was to protect customers who suffered financial loss due to the failure of a member firm of any one of its SROs. 1997 The Bankruptcy and Insolvency Act of Canada was amended to include Part XII, a section specific to the insolvency of securities firms. Part XII names CIPF as a party that can apply to the court to appoint a trustee. 2002 The MFDA Investor Protection Corporation (MFDA IPC) was incorporated under Part II of the Canada Corporations Act and established by the Mutual Fund Dealers Association of Canada (MFDA) to provide protection to eligible customers of MFDA members. 2005 The MFDA IPC commenced coverage of customer accounts on July 1, 2005. 2023 As a result of an initiative led by the Canadian Securities Administrators, Former CIPF and the MFDA IPC were amalgamated to form the Canadian Investor Protection Fund, on January 1, 2023. Share × Former CIPF Member Insolvencies Former Canadian Investor Protection Fund Unaudited Schedule of Claims and/or Related Expenses Paid and/or Provided Net of Recoveries as at December 31, 2021 (in thousands of dollars) Insolvent Firm Year Amount Malone Lynch Securities Limited 1971 1,546 Andrews & Belanger Co. Ltd. 1971 78 Chartrand, Quinn, Senecal & Co. 1973 139 Blanchard, O'Connor & Co. 1974 36 Atlantic Securities Limited 1981 273 Rademaker MacDougall & Company 1982 - First Commonwealth Securities Corp. 1986 1,828 Anglo Securities Limited 1986 261 Osler Inc. 1987 15,532 R. Drapeau Capital Inc. 1989 25 Invescourt, courtier en valeurs mobilières inc. 1990 6 Brault, Guy, O'Brien Inc. 1990 166 McConnell & Company Limited 1991 2,919 Essex Capital Management Ltd. 1999 6,123 Maxima Capital Inc. 2001 - Rampart Securities Inc. 2001 3,231 Thomson Kernaghan & Co. Limited 2002 (677) MF Global Canada Co. 2011 (246) Barret Capital Management Inc. 2012 1,840 First Leaside Securities Inc. 2012 4,323 Octagon Capital Corporation 2015 1,309 Total 38,712 Share × Section Menu X CIPF Timeline Former CIPF Member Insolvencies Have a Question? Just Ask! ASK US About Us CIPF’s Mandate The Segregated Funds Governance Affiliations History of CIPF Careers CIPF Coverage About CIPF Coverage Case Studies Coverage Policy Claims Procedures Recent Past Insolvencies Facebook Twitter Linkedin All Rights Reserved. Copyright 2026 CIPF Glossary | Legal Notices | Sitemap | Accessibility | Privacy Policy Please select your language of preference to continue veuillez sélectionner votre langue de préférence pour continuer English Français CIPF uses cookies to enhance convenience and use of its website. By clicking “OK” or by continuing to browse this website, you agree to the use of the cookies. To find out more, please visit our Privacy Policy. OK Top of Page