Investment Industry Regulatory Organization of Canada

CIRO announces settlement hearing to take place in the matter of Stephen Talosi

Retrieved on:

Tuesday, August 8, 2023

Investment Industry Regulatory Organization of Canada, CIRO, Notice of Hearing, Mutual Fund Dealers Association, Investment, Notice, Respondent, Financial adviser, Hearing

As a result of a settlement agreement entered into between Staff of CIRO and the Respondent, a settlement hearing will take place electronically by videoconference before a Hearing Panel of CIRO's Ontario District Hearing Committee on August 21, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.

Key Points:

As a result of a settlement agreement entered into between Staff of CIRO and the Respondent, a settlement hearing will take place electronically by videoconference before a Hearing Panel of CIRO's Ontario District Hearing Committee on August 21, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.
The subject matter of the proposed settlement agreement concerns matters for which the Respondent may be disciplined pursuant to sections 20 and 24.1 of MFDA By-law No.
Settlement hearings of CIRO are typically held in the absence of the public pursuant to section 20.5 of MFDA By-Law No.
1 (now Mutual Fund Dealer Rule 7.3.5) and Rule 15.2 (2) of the Mutual Fund Dealer Rules of Procedure.

CIRO Sanctions John Reyes

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Wednesday, August 2, 2023

The central science, IIROC, Investment Industry Regulatory Organization of Canada, Mutual Fund Dealers Association, Investment, Enforcement, CIRO, Financial adviser, Security (finance)

TORONTO, Aug. 2, 2023 /CNW/ - On July 19, 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 John Reyes.

Key Points:

TORONTO, Aug. 2, 2023 /CNW/ - On July 19, 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 John Reyes.
John Reyes admitted that he failed to use due diligence to ensure that investment recommendations were suitable for two clients.
Specifically, Mr. Reyes admitted to the following violation:
Between January 2017 and January 2020, Mr. Reyes failed to use due diligence to ensure that investment recommendations were suitable for two clients contrary to Dealer Member Rule 1300.1(q).
John Reyes also agreed to pay costs in the amount of $5,000.

CIRO Hearing Panel issues Reasons for Decision in the matter of Bryan Church

Retrieved on:

Tuesday, August 1, 2023

Investment Industry Regulatory Organization of Canada, CIRO, Notice of Hearing, Mutual Fund Dealers Association, Investment, Hearing, Respondent, Financial adviser

TORONTO, Aug. 1, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on September 30, 2021 in the matter of Bryan Brooks Church (the "Respondent").

Key Points:

TORONTO, Aug. 1, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on September 30, 2021 in the matter of Bryan Brooks Church (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 Souris, Manitoba area.
Canadian Investment Regulatory Organization 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 Hearing Panel issues Reasons for Decision in the matter of James Wilson

Retrieved on:

Tuesday, August 1, 2023

Investment Industry Regulatory Organization of Canada, Reason (argument), Notice of Hearing, Mutual Fund Dealers Association, Decision, Settlement, Ethics, Investment, Hearing, Indian Residential Schools Settlement Agreement, Respondent, CIRO, Financial adviser

TORONTO, Aug. 1, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on September 10, 2021 in the matter of James Edgar Mitchell Wilson (the "Respondent").

Key Points:

TORONTO, Aug. 1, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on September 10, 2021 in the matter of James Edgar Mitchell Wilson (the "Respondent").
In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent.
A copy of the Reasons for Decision is available on the MFDA website at www.mfda.ca .
During the period described in the Notice of Hearing, the Respondent conducted business in the Winnipeg, Manitoba area.

CIRO Hearing Panel issues Reasons for Decision in the matter of Funds Direct Canada Inc.

Retrieved on:

Monday, July 31, 2023

Investment Industry Regulatory Organization of Canada, Mutual Fund Dealers Association, Investment, Hearing, Policy, CIRO, Legislation, Financial adviser

TORONTO, July 31, 2023 /CNW/ - A Hearing Panel of the Mutual Fund Dealers Association of Canada, Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Regina, Saskatchewan on December 20, 2022, in the matter of Funds Direct Canada Inc. (the "Respondent").

Key Points:

TORONTO, July 31, 2023 /CNW/ - A Hearing Panel of the Mutual Fund Dealers Association of Canada, Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Regina, Saskatchewan on December 20, 2022, in the matter of Funds Direct Canada Inc. (the "Respondent").
In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent.
In particular, the Respondent:
shall in the future comply with all MFDA By-laws, Rules and Policies, and all applicable securities legislation and regulations made thereunder, including MFDA Rules 2.2.1, 2.5, and MFDA Policy No.
Canadian Investment Regulatory Organization 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 Hearing Panel issues Reasons for Decision in the matter of Jason Fulton

Retrieved on:

Monday, July 31, 2023

Investment Industry Regulatory Organization of Canada, CIRO, Notice of Hearing, Mutual Fund Dealers Association, Investment, Hearing, Respondent, Financial adviser

TORONTO, July 31, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on March 6, 2023, in the matter of Jason Alexander Fulton (the "Respondent").

Key Points:

TORONTO, July 31, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 29, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on March 6, 2023, in the matter of Jason Alexander Fulton (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 London, Ontario area.
Canadian Investment Regulatory Organization 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 announces settlement hearing to take place in the matter of Ramanbhai Patel

Retrieved on:

Friday, July 28, 2023

Investment Industry Regulatory Organization of Canada, CIRO, Notice of Hearing, Mutual Fund Dealers Association, Investment, Notice, Respondent, Financial adviser, Hearing

As a result of a settlement agreement entered into between Staff of CIRO and the Respondent, a settlement hearing will take place electronically by videoconference before a Hearing Panel of CIRO's Ontario District Hearing Committee on August 3, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.

Key Points:

As a result of a settlement agreement entered into between Staff of CIRO and the Respondent, a settlement hearing will take place electronically by videoconference before a Hearing Panel of CIRO's Ontario District Hearing Committee on August 3, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.
The subject matter of the proposed settlement agreement concerns matters for which the Respondent may be disciplined pursuant to sections 20 and 24.1 of MFDA By-law No.
Settlement hearings of CIRO are typically held in the absence of the public pursuant to section 20.5 of MFDA By-Law No.
During the period described in the Notice of Hearing, the Respondent carried on business in the Woodbridge, Ontario area.

CIRO Hearing Panel accepts settlement agreement with Roxanne Carter

Retrieved on:

Wednesday, July 26, 2023

Investment Industry Regulatory Organization of Canada, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Settlement, Investment, Hearing, Respondent, CIRO, Financial adviser

TORONTO, July 26, 2023 /CNW/ - A settlement hearing in the matter of Roxanne Marie Carter (the "Respondent") was held electronically by videoconference on June 27, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").

Key Points:

TORONTO, July 26, 2023 /CNW/ - A settlement hearing in the matter of Roxanne Marie Carter (the "Respondent") was held electronically by videoconference on June 27, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").
A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
During the period described in the Settlement Agreement, the Respondent carried on business in the London, Ontario area.
Canadian Investment Regulatory Organization 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 Sanctions Bart William Hunter

Retrieved on:

Wednesday, July 26, 2023

The central science, Coup d'État: A Practical Handbook, IIROC, Indian Residential Schools Settlement Agreement, Investment Industry Regulatory Organization of Canada, Mutual Fund Dealers Association, Conduct, Settlement, Collection, Investment, Enforcement, CIRO, Financial adviser, Security (finance)

SASKATOON, SK, July 26, 2023 /CNW/ - On July 14, 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 Bart William Hunter.

Key Points:

SASKATOON, SK, July 26, 2023 /CNW/ - On July 14, 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 Bart William Hunter.
Mr. Hunter admitted that he failed in his obligations regarding the proper execution of client documents.
Mr. Hunter also agreed to pay costs in the amount of $5,000.
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.

Hearing Notice - CIRO Sanctions Red Cloud Securities Inc.

Retrieved on:

Monday, July 24, 2023

TORONTO, July 24, 2023 /CNW/ - On July 12, 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 Red Cloud Securities Inc. (Red Cloud).

Key Points:

TORONTO, July 24, 2023 /CNW/ - On July 12, 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 Red Cloud Securities Inc. (Red Cloud).
Red Cloud admitted that they continued to service retail clients although not approved to do so, that the Know-Your-Client (KYC) documentation they used did not meet CIRO requirements and that they failed to establish and maintain an adequate system of controls and supervision.
Red Cloud also agreed to pay costs in the amount of $15,000.
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.