Enforcement

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.

CIRO Hearing Panel issues Reasons for Decision in the matter of Pollitt & Co.

Retrieved on: 
水曜日, 11月 29, 2023
Record, The central science, Investment, Risk, Pollitt, Book, CIRO, Hearing, Enforcement, Financial adviser, Cryptocurrency, Property management

TORONTO, Nov. 29, 2023 /CNW/ - Following a settlement hearing held on October 24, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) issued reasons for its decision to accept a settlement agreement, with sanctions, between Enforcement Staff and Pollitt & Co. Inc. (Pollitt & Co).

Key Points: 
  • TORONTO, Nov. 29, 2023 /CNW/ - Following a settlement hearing held on October 24, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) issued reasons for its decision to accept a settlement agreement, with sanctions, between Enforcement Staff and Pollitt & Co. Inc. (Pollitt & Co).
  • In its reasons for decision, the hearing panel confirmed the sanctions imposed on the respondent.
  • In particular, Pollitt & Co is required to pay a fine of $175,000.
  • Pollitt & Co also agreed to pay costs in the amount of $15,000.

CIRO Hearing Panel Finds Andrew Kazina Liable

Retrieved on: 
火曜日, 11月 28, 2023
Exercise, Investment, Respondent, IIROC, Marketing, Mutual Fund Dealers Association, MB, CIRO, Hearing, Enforcement, Financial adviser

WINNIPEG, MB, Nov. 28, 2023 /CNW/ - Following a disciplinary hearing held on November 14-18, 21, 2022, January 13 and April 3, 2023, in Winnipeg, Manitoba, a hearing panel of the Mutual Fund Dealer Division of the Canadian Investment Regulatory Organization (CIRO) found that the respondent engaged in conduct contrary to the By-laws, Rules and/or Policies.

Key Points: 
  • WINNIPEG, MB, Nov. 28, 2023 /CNW/ - Following a disciplinary hearing held on November 14-18, 21, 2022, January 13 and April 3, 2023, in Winnipeg, Manitoba, a hearing panel of the Mutual Fund Dealer Division of the Canadian Investment Regulatory Organization (CIRO) found that the respondent engaged in conduct contrary to the By-laws, Rules and/or Policies.
  • (d) Between no later than 2006 and October 5, 2017, the Respondent provided false or misleading information to the Member in responses to questions on annual compliance questionnaires from the Member, contrary to MFDA Rule 2.1.1.
  • 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.mfda.ca .
  • 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.

Hearing Notice - CIRO to Hold a Settlement Hearing for Leede Jones Gable Inc.

Retrieved on: 
火曜日, 11月 21, 2023
The central science, Investment, CIRO, Hearing, Enforcement, Financial adviser

VANCOUVER, BC, Nov. 21, 2023 /CNW/ - A hearing has been scheduled to consider whether a hearing panel of the Canadian Investment Regulatory Organization (CIRO) should accept under the Investment Dealer and Partially Consolidated Rules a settlement agreement entered between Enforcement Staff and Leede Jones Gable Inc. (Leede Jones Gable).

Key Points: 
  • VANCOUVER, BC, Nov. 21, 2023 /CNW/ - A hearing has been scheduled to consider whether a hearing panel of the Canadian Investment Regulatory Organization (CIRO) should accept under the Investment Dealer and Partially Consolidated Rules a settlement agreement entered between Enforcement Staff and Leede Jones Gable Inc. (Leede Jones Gable).
  • 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:
    Leede Jones Gable is a CIRO-regulated Dealer Member with a head office in Calgary, Alberta, and business locations across Canada, including one in Vancouver, British Columbia.

Hearing Notice - CIRO to Hold a Settlement Hearing for Canaccord Genuity Corp.

Retrieved on: 
月曜日, 11月 20, 2023
The central science, Investment, IIROC, CIRO, Hearing, Enforcement, Security (finance), Financial adviser

VANCOUVER, BC, Nov. 20, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) to consider whether a hearing panel should accept a settlement agreement entered into between Enforcement Staff and Canaccord Genuity Corp.

Key Points: 
  • VANCOUVER, BC, Nov. 20, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) to consider whether a hearing panel should accept a settlement agreement entered into between Enforcement Staff and Canaccord Genuity Corp.
  • The hearing is not open to the public but will become open in the event that the hearing panel accepts the settlement agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement will be made available at www.iiroc.ca .
  • The Notice of Application announcing the settlement hearing is available at:
    Canaccord Genuity Corp. is a registered CIRO Dealer Member.

Hearing Notice - CIRO to Hold Disciplinary Hearing for Peter Michael Deeb and Hampton Securities Limited

Retrieved on: 
金曜日, 11月 10, 2023
Record, The central science, Ultimate, Investment, Book, IIROC, CIRO, Dealer, Enforcement, Financial adviser

The date for the disciplinary hearing will be made available at www.iiroc.ca .

Key Points: 
  • The date for the disciplinary hearing will be made available at www.iiroc.ca .
  • The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:
    Peter Michael Deeb is the Ultimate Designated Person and a Registered Representative at Hampton Securities and, between March 2020 and September 2020, was also its Acting Chief Compliance Officer.
  • Hampton Securities is a Dealer Member of CIRO with a head office in Toronto, Ontario.
  • 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.

HSN Agrees to Pay $16 Million Civil Penalty for Failure to Immediately Report Serious Burn Hazard Posed by Clothing Steamers

Retrieved on: 
水曜日, 11月 8, 2023
Online, Knowledge, Insurance, Commission, U.S. Consumer Product Safety Commission, HSN, Lawsuit, Consumer Product Safety Act, Burn, Injury, Division, Risk, CPSC, Scar, Enforcement, Dietary supplement

WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- The U.S. Consumer Product Safety Commission (CPSC) is announcing that HSN Inc., of St. Petersburg, Florida, has agreed to pay a $16 million civil penalty.

Key Points: 
  • WASHINGTON, Nov. 8, 2023 /PRNewswire/ -- The U.S. Consumer Product Safety Commission (CPSC) is announcing that HSN Inc., of St. Petersburg, Florida, has agreed to pay a $16 million civil penalty.
  • Despite possessing information that reasonably supported the conclusion that the steamers contained a defect that could create a substantial product hazard or created an unreasonable risk of serious injury, HSN did not immediately report to the Commission.
  • HSN and the Commission jointly announced a recall of the steamers on May 26, 2021.
  • Elizabeth L. Jones, a Trial Attorney in the Division of Enforcement and Litigation, represented the Commission in this enforcement action.

Hearing Notice - CIRO Sanctions Pollitt & Co. Inc.

Retrieved on: 
金曜日, 11月 3, 2023
IIROC, CIRO, Risk, Pollitt, Record, Settlement, Indian Residential Schools Settlement Agreement, Investment, Enforcement, Book, The central science, Security (finance), Financial adviser, Cryptocurrency, Property management

TORONTO, Nov. 3, 2023 /CNW/ - On October 24, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Pollitt & Co. Inc. (Pollitt & Co).

Key Points: 
  • TORONTO, Nov. 3, 2023 /CNW/ - On October 24, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Pollitt & Co. Inc. (Pollitt & Co).
  • Pursuant to the settlement agreement, Pollitt & Co agreed to a fine of $175,000.
  • Pollitt & Co also agreed to pay costs in the amount of $15,000.
  • 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.