It was later merged with the Mutual Fund Dealers Association of Canada (MFDA) to form the Canadian Investment Regulatory Organization (CIRO).

[6] IIROC was formed on June 1, 2008, through the merger of the Investment Dealers Association of Canada (IDA) and Market Regulation Services Inc. (RS).

In January 2023, IIROC merged with the MFDA to form the CIRO, a new single regulator for all investment firms and advisors in Canada.

David Berry claims his dismissal and the reputation damage stemming from the IIROC charges have cost him $105M dollars.

[12] In 2011, the British Columbia Securities Commission (BCSC) overturned IIROC's decision and penalties against Blackmont Capital and Duke.

A BCSC appeal panel contended that Blackmont and Duke's act of not disclosing their commission-sharing arrangement was not against public interest.

IIROC penalized Alboini with a suspension of two years, a permanent ban from being an "ultimate designated person" and fines totaling $750,000.

Part of IIROC's contentions related to Steinhoff's instruction to her assistant to cut and paste a client's signature from an existing form to an unsigned guarantee.

[18] In Saskatchewan and Alberta, provincial securities regulations state explicitly that self-regulatory organizations have the power to pursue enforcement activities with regards to former members.