Investment Industry Regulatory Organization of Canada

CIRO Hearing Panel issues Reasons for Decision in the matter of Robert Colvin

Retrieved on: 
Monday, June 26, 2023

TORONTO, June 26, 2023 /CNW/ - A Hearing Panel of the Mutual Fund Dealers Association of Canada, now Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 2, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on November 1, 2022, in the matter of Robert Angus Colvin (the "Respondent").

Key Points: 
  • TORONTO, June 26, 2023 /CNW/ - A Hearing Panel of the Mutual Fund Dealers Association of Canada, now Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated June 2, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on November 1, 2022, in the matter of Robert Angus Colvin (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 Reasons for Decision, the Respondent conducted business in the Winnipeg, Manitoba area.

OBSI announces changes to its organizational governance

Retrieved on: 
Monday, June 26, 2023

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- The Ombudsman for Banking Services and Investments (OBSI) today announced the changes to its organizational governance following its public consultation on governance from November 1, 2022 to January 31, 2023.

Key Points: 
  • TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- The Ombudsman for Banking Services and Investments (OBSI) today announced the changes to its organizational governance following its public consultation on governance from November 1, 2022 to January 31, 2023.
  • The changes we are making reflect that input and will ensure that OBSI has the right governance and oversight to remain effective in meeting its public service mandate,” said Ms. Jensen.
  • As is currently the case, all directors owe their duty to OBSI and cannot advocate for or represent any outside interest while engaged in OBSI governance.
  • OBSI has undertaken these governance changes in light of the current operating environment and input received during the public consultation.

Hearing Notice - CIRO Sanctions Craig Bishop

Retrieved on: 
Friday, June 23, 2023

CALGARY, AB, June 23, 2023 /CNW/ - On June 21, 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 Craig Bishop.

Key Points: 
  • CALGARY, AB, June 23, 2023 /CNW/ - On June 21, 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 Craig Bishop.
  • Mr. Bishop admitted that he failed to comply with his duty to protect the financial markets.
  • Mr. Bishop 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.

CIRO Hearing Panel issues Reasons for Decision in the matter of Gravitas Securities Inc.

Retrieved on: 
Thursday, June 22, 2023

TORONTO, June 22, 2023 /CNW/ - Following a protective order, issued on June 8, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) suspended the membership of Gravitas Securities Inc.

Key Points: 
  • TORONTO, June 22, 2023 /CNW/ - Following a protective order, issued on June 8, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) suspended the membership of Gravitas Securities Inc.
  • Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated firms (Investment Dealer Division) is available free of charge through the AdvisorReport service.
  • Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.
  • 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 Hearing Panel issued Reasons for Decision in the matter of Blaine Patrick Arnold

Retrieved on: 
Thursday, June 22, 2023

SASKTATOON, SK, June 22, 2023 /CNW/ - Following the acceptance of a settlement agreement in the matter of Blaine Patrick Arnold on June 6, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) issued their reasons for decision.

Key Points: 
  • SASKTATOON, SK, June 22, 2023 /CNW/ - Following the acceptance of a settlement agreement in the matter of Blaine Patrick Arnold on June 6, 2023, a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) issued their reasons for decision.
  • The hearing panel's reasons for decision, dated June 12, 2023, are available at:
    In their reasons for decision, the hearing panel confirmed the sanctions imposed on the Respondent.
  • Mr. Arnold also agreed to pay costs in the amount of $5,000.
  • 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 announces settlement hearing to take place in the matter of Andrew Tachauer

Retrieved on: 
Wednesday, June 21, 2023

As the 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 June 23, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.

Key Points: 
  • As the 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 June 23, 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 section 20.5 of MFDA By-Law No.
  • During the period described in the Notice of Hearing, the Respondent carried on business in the Etobicoke, Ontario area.

Hearing Notice - IN THE MATTER OF Domino Au-Young - Initial Appearance Rescheduled

Retrieved on: 
Thursday, June 15, 2023

VANCOUVER, BC, June 15, 2023 /CNW/ - An initial appearance before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Domino Au-Young, originally scheduled for June 21, 2023 at 10:00 a.m. PT, has been rescheduled to proceed on June 19, 2023 at 4:30 p.m. PT.

Key Points: 
  • VANCOUVER, BC, June 15, 2023 /CNW/ - An initial appearance before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Domino Au-Young, originally scheduled for June 21, 2023 at 10:00 a.m. PT, has been rescheduled to proceed on June 19, 2023 at 4:30 p.m. PT.
  • The hearing is open to the public, unless the hearing panel orders otherwise.
  • The decision of the hearing panel will be made available at www.iiroc.ca .
  • Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

Hearing Notice - CIRO Sanctions Blaine Patrick Arnold

Retrieved on: 
Thursday, June 15, 2023

SASKTATOON, SK, June 15, 2023 /CNW/ - On June 6, 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 Blaine Patrick Arnold.

Key Points: 
  • SASKTATOON, SK, June 15, 2023 /CNW/ - On June 6, 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 Blaine Patrick Arnold.
  • Specifically, Mr. Arnold admitted to the following violation:
    Between January 2012 and March 2021, Mr. Arnold failed in his supervisor responsibilities, while Branch Manager, resulting in the collection, possession, and use of pre-signed forms, contrary to Dealer Member Rule 38.4.
  • Mr. Arnold 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.

CIRO Sanctions Robert Barber

Retrieved on: 
Wednesday, June 14, 2023

VANCOUVER, BC, June 14, 2023 /CNW/ - On May 26, 2023, a hearing panel of the Investment Dealer Division of the New Self-Regulatory Organization of Canada (New SRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Robert Barber.

Key Points: 
  • VANCOUVER, BC, June 14, 2023 /CNW/ - On May 26, 2023, a hearing panel of the Investment Dealer Division of the New Self-Regulatory Organization of Canada (New SRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Robert Barber.
  • Mr. Barber admitted that he failed to fulfill gatekeeper responsibilities.
  • Between December 2017 and August 2018, Mr. Barber failed to fulfill his gatekeeper responsibilities, contrary to IIROC Rule 1400.
  • Mr. Barber also agreed to pay costs in the amount of $5,000.

CSE Bulletin: Halted for Fundamental Change - Sprout AI Inc. (BYFM)

Retrieved on: 
Tuesday, June 13, 2023

Toronto, Ontario--(Newsfile Corp. - le 13 juin/June 2023) - Trading in the shares of Sprout AI Inc. will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to CSE Policy 8.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - le 13 juin/June 2023) - Trading in the shares of Sprout AI Inc. will remain halted pending receipt and review of acceptable documentation regarding the Fundamental Acquisition pursuant to CSE Policy 8.
  • This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.
  • La négociation des actions de Sprout AI Inc. restera suspendue en attendant la réception et l'examen de documents acceptables concernant l'acquisition fondamentale conformément à la politique 8 du CSE.
  • Veuillez consulter le communiqué de presse de l'émetteur pour plus de détails.