The Globe and Mail reports in its Saturday edition that investment regulators are being handed greater power to collect on penalties levied against investment firms and financial advisers who wrong investors. The Globe's Clare O'Hara writes that on Friday, British Columbia's Minister of Finance Carole James introduced amendments to the B.C. Securities Act that will give the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association better enforcement tools to collect fines through B.C. Supreme Court. The new amendments will extend IIROC's authority to enforce fine collection to six provinces: B.C., Alberta, Manitoba, Ontario, Quebec and Prince Edward Island. IIROC, which oversees 160 investment dealers, investigates and prosecutes firms and investment advisers who breach its rules. Such infractions could include misappropriating funds from clients, falsely endorsing client signatures or making unsuitable recommendations to investors. Seniors account for the largest source of IIROC complaints and represent the highest proportion of victims of misconduct. Over all in 2017, IIROC conducted 21 investigations and completed seven prosecutions in B.C.