A large number of investors deal with advisors who are licensed as mutual fund salespeople. These individuals are regulated by the Mutual Fund Dealers Association (MFDA).

The MFDA Investor Protection Corporation (MFDA IPC) is a non-profit corporation established to help protect investors should a member of the MFDA become bankrupt. The protection provided to individuals relates to cash, securities, segregated funds, and some other types of investments.

It is important to note that the MFDA Investor Protection Corporation covers losses that arise only as a result of an MFDA member going bankrupt. Losses that are a result of changing market values of investments such as mutual funds, segregated funds, and other types of investments are not covered by the MFDA IPC. In addition, cash, securities, segregated funds, and other investments that are not held by an MFDA member are not covered or eligible for MFDA IPC coverage. MFDA IPC coverage is not available in Quebec.

For more information on whether and how your investments at an MFDA member are covered, visit the MFDA website ( Ensure that you read their brochure carefully to understand whatís covered by insurance and what is not.

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