Enforcement

CIRO publishes harmonized Sanction Guidelines and Enforcement Staff Policy Statements

Retrieved on: 
木曜日, 12月 21, 2023
Mutual Fund Dealers Association, Suspension (chemistry), CIRO, The central science, Person, Enforcement, Negotiation, Dealer, Policy, Senior, Property management

TORONTO, Dec. 21, 2023 /CNW/ - The Canadian Investment Regulatory Organization (CIRO) has published new harmonized Sanction Guidelines , marking an important step towards unifying and strengthening Canada's financial regulatory framework.

Key Points: 
  • TORONTO, Dec. 21, 2023 /CNW/ - The Canadian Investment Regulatory Organization (CIRO) has published new harmonized Sanction Guidelines , marking an important step towards unifying and strengthening Canada's financial regulatory framework.
  • This version replaces all previous Sanction Guidelines of both the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada.
  • The Sanction Guidelines aim to reinforce consistency, fairness, and transparency in the sanctioning process.
  • In conjunction with the Sanction Guidelines, CIRO has introduced Enforcement Staff Policy Statements to encourage proactive cooperation, early resolution of cases and set out Enforcement Staff's approach to certain issues that commonly arise in disciplinary hearings.

CIRO Sanctions Robert Friesen

Retrieved on: 
水曜日, 12月 20, 2023
CIRO, The central science, Respondent, Enforcement, Settlement, Investment, Dealer, Financial adviser

HALIFAX, NS, Dec. 20, 2023 /CNW/ - On November 22, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Robert Friesen.

Key Points: 
  • HALIFAX, NS, Dec. 20, 2023 /CNW/ - On November 22, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Robert Friesen.
  • Robert Friesen admitted that he reviewed and approved the use of altered forms without having the client initial the alterations.
  • Robert Friesen also agreed to pay costs in the amount of $2,500.
  • CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments.

Hearing Notice - CIRO Hearing Panel Finds Donald Warren Metcalfe Liable

Retrieved on: 
水曜日, 12月 20, 2023
PI, Interview, CIRO, The central science, Enforcement, Investment, Hearing

A separate hearing will be held to determine the penalty to be imposed on the respondent, the date of which will be made available at www.ciro.ca .

Key Points: 
  • A separate hearing will be held to determine the penalty to be imposed on the respondent, the date of which will be made available at www.ciro.ca .
  • The alleged violations occurred while Donald Warren Metcalfe was a Director and Executive with PI Financial Corp. and Chippingham Financial Group Limited.
  • The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces.
  • CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments.

CIRO to Hold a Settlement Hearing for Norman Shogilev

Retrieved on: 
火曜日, 12月 19, 2023
Investment, Settlement, CIRO, The central science, Hearing, Enforcement

TORONTO, Dec. 19, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules to consider whether to accept a settlement agreement entered into between Enforcement Staff and Norman Shogilev.

Key Points: 
  • TORONTO, Dec. 19, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules to consider whether to accept a settlement agreement entered into between Enforcement Staff and Norman Shogilev.
  • The hearing is not open to the public but will become open in the event that the panel accepts the agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement will be made available at www.ciro.ca .
  • The Notice of Settlement Hearing announcing the settlement hearing is available at:
    The alleged violations occurred while Norman Shogilev was a Registered Representative with Investors Group Financial Services Inc, in Toronto, Ontario.

CIRO to Hold a Settlement Hearing for Lifan Song

Retrieved on: 
水曜日, 12月 13, 2023
The central science, Investment, Notice of Hearing, MB, Settlement, CIRO, Mutual Fund Dealers Association, Merit, Enforcement, Financial adviser, Hearing

WINNIPEG, MB, Dec. 13, 2023 /CNW/ - The Hearing on the Merits previously scheduled for February 6-7, 2023 has been converted to a Settlement Hearing scheduled for February 6, 2023, before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules to consider whether to accept a settlement agreement entered into between Enforcement Staff and Lifan Song.

Key Points: 
  • WINNIPEG, MB, Dec. 13, 2023 /CNW/ - The Hearing on the Merits previously scheduled for February 6-7, 2023 has been converted to a Settlement Hearing scheduled for February 6, 2023, before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules to consider whether to accept a settlement agreement entered into between Enforcement Staff and Lifan Song.
  • The hearing is not open to the public, but will become open in the event that the panel accepts the agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement will be made available at www.ciro.ca .
  • The Notice of Hearing is available at:
    Lifan Song conducted business with Investors Group Financial Services Inc. in the Winnipeg, Manitoba area.

CIRO to Hold a Settlement Hearing for Robert Weston Crocker

Retrieved on: 
月曜日, 12月 11, 2023
The central science, Investment, Canaccord Genuity, CIRO, Hearing, Enforcement

TORONTO, Dec. 11, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) to consider under the Investment Dealer and Partially Consolidated Rules whether the hearing panel should accept a settlement agreement between Enforcement Staff and Robert Weston Crocker.

Key Points: 
  • TORONTO, Dec. 11, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) to consider under the Investment Dealer and Partially Consolidated Rules whether the hearing panel should accept a settlement agreement between Enforcement Staff and Robert Weston Crocker.
  • The hearing is not open to the public but will become open in the event that the hearing panel accepts the agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement will be made available at www.ciro.ca .
  • The Notice of Application announcing the settlement hearing is available at:
    The alleged violations occurred while the respondent was a Registered Representative with the Toronto branch of Canaccord Genuity Corp. Robert Weston Crocker is no longer a registrant with a CIRO-regulated firm.

Hearing Notice - CIRO to Hold a Settlement Hearing for HSBC Securities (Canada) Inc.

Retrieved on: 
金曜日, 12月 8, 2023
The central science, HSBC, Investment, CIRO, Hearing, Enforcement, Security (finance)

TORONTO, Dec. 8, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Investment Dealer and Partially Consolidated Rules to consider whether the panel should accept a settlement agreement entered into between Enforcement Staff and HSBC Securities (Canada) Inc. (HSBC Securities).

Key Points: 
  • TORONTO, Dec. 8, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Investment Dealer and Partially Consolidated Rules to consider whether the panel should accept a settlement agreement entered into between Enforcement Staff and HSBC Securities (Canada) Inc. (HSBC Securities).
  • The hearing is not open to the public, but will become open in the event that the panel accepts the agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement will be made available at www.ciro.ca .
  • The Notice of Application announcing the settlement hearing is available at:
    Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service.

CIRO Hearing Panel issues Reasons for Decision in the matter of George Yamamoto

Retrieved on: 
火曜日, 12月 5, 2023
Investment, Hearing, Enforcement, The central science, Notice of Hearing, Respondent, CIRO, IIROC, Financial adviser, Property management

TORONTO, Dec. 5, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated November 27, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on October 25, 2023 in the matter of George Yamamoto (the "Respondent").

Key Points: 
  • TORONTO, Dec. 5, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated November 27, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on October 25, 2023 in the matter of George Yamamoto (the "Respondent").
  • In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent.
  • During the period described in the Notice of Hearing, the Respondent conducted business in the Toronto, Ontario area.
  • CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments.

CIRO Hearing Panel issues Reasons for Decision in the matter of Gravitas Securities and Blayne Creed

Retrieved on: 
木曜日, 11月 30, 2023
The central science, Ultimate, Interim, Investment, Risk, IIROC, CIRO, Hearing, Enforcement, Dealer, Security (finance), Health care, Financial adviser

The hearing panel's reasons for decision, dated October 24, 2023, are available at:

Key Points: 
  • The hearing panel's reasons for decision, dated October 24, 2023, are available at:
    In its reasons for decision, the hearing panel confirmed the sanctions imposed on the Respondents.
  • a)      disgorge its portion of the commissions from the financing in the amount of $38,834.40.
  • The violations occurred while Blayne Creed was a Registered Representative, Ultimate Designated Person, Interim President and Chief Executive Officer of Gravitas Securities Inc. Gravitas Securities Inc. has been a Dealer Member since 2008.
  • In June 2023, its membership with CIRO was suspended per Re Gravitas 2023 CIRO 02 .

CIRO Hearing Panel rejects a settlement in the matter of Yujie (Jared) Liu and BMO Nesbitt Burns Inc.

Retrieved on: 
水曜日, 11月 29, 2023
The central science, BMO, Investment, Application, CIRO, Enforcement, Property management, Financial adviser

TORONTO, Nov. 29, 2023 /CNW/ - On August 25 and 29, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing to consider whether the panel should accept a settlement agreement between Enforcement Staff and Yujie (Jared) Liu and BMO Nesbitt Burns Inc. (BMO NBI).

Key Points: 
  • TORONTO, Nov. 29, 2023 /CNW/ - On August 25 and 29, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing to consider whether the panel should accept a settlement agreement between Enforcement Staff and Yujie (Jared) Liu and BMO Nesbitt Burns Inc. (BMO NBI).
  • Following submissions of the parties, the hearing panel rejected the proposed settlement.
  • A disciplinary proceeding in this matter was commenced by a Notice of Application issued on August 15, 2023:
    Yujie (Jared) Liu and BMO Nesbitt Burns Inc. - Notice of Application
    Yujie (Jared) Liu was a Registered Representative with BMO NBI during the relevant time and until about July 2021.
  • He is currently employed with BMO NB in a non-registered capacity.