The Canadian Investor Protection Fund (CIPF) is a pool of money used to compensate investors in the event of an investment dealer insolvency. The fund was established by the Investment Industry Regulatory Organization of Canada (IIROC) and coverage is extended to anyone holding an account with a CIPF member up to $1 million. Virtual Brokers, a division of BBS Securities Inc., is a CIPF member and as such, Polaris accounts are covered up to $1 million should Virtual Brokers become insolvent. The CIPF is an important mechanism for investors and we encourage you to learn more.