Mutual Fund Dealers Association

CIRO Hearing Panel accepts settlement agreement with Ramanbhai Patel

Retrieved on: 
Monday, August 21, 2023

TORONTO, Aug. 21, 2023 /CNW/ - A settlement hearing in the matter of Ramanbhai Patel (the "Respondent") was held electronically by videoconference today 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, Aug. 21, 2023 /CNW/ - A settlement hearing in the matter of Ramanbhai Patel (the "Respondent") was held electronically by videoconference today in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").
  • The Hearing Panel accepted the settlement agreement dated July 26, 2023 (the "Settlement Agreement"), between Staff of CIRO and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    $11,666.67 ($9,166.67 fine and $2,500 costs) upon acceptance of the Settlement Agreement by the Hearing Panel;
    $9,166.66 (fine) on or before September 15, 2023; and
    $6,666.67 (fine) on or before October 27, 2023;
    In the Settlement Agreement, the Respondent admitted that between May 26, 2016 and June 1, 2021, he obtained, possessed and used to process transactions, 80 pre-signed account forms in respect of 29 clients, contrary to Mutual Fund Dealer Rule 2.1.1 (formerly MFDA Rule 2.1.1)
    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 Woodbridge, 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 schedules date for Hearing on the Merits in the matter of Autumn Farmer

Retrieved on: 
Wednesday, August 16, 2023

An appearance in this proceeding was held July 27, 2023 by videoconference before a Hearing Panel of the CIRO's Nova Scotia District Hearing Committee.

Key Points: 
  • An appearance in this proceeding was held July 27, 2023 by videoconference before a Hearing Panel of the CIRO's Nova Scotia District Hearing Committee.
  • Following submissions by the parties, the Hearing on the Merits has been scheduled to take place electronically by videoconference on September 25, 2023, commencing at 10:00 a.m. (Atlantic) or as soon thereafter as the matter can be held.
  • The proceeding will be open to the public, except as may be required for the protection of confidential matters.
  • During the period described in the Notice of Hearing, the Respondent conducted business in the Kentville, Nova Scotia area.

CIRO Hearing Panel accepts settlement agreement with Andrew Tachauer

Retrieved on: 
Friday, August 11, 2023

TORONTO, Aug. 11, 2023 /CNW/ - A settlement hearing in the matter of Andrew David Tachauer (the "Respondent") was held electronically by videoconference on June 23, 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, Aug. 11, 2023 /CNW/ - A settlement hearing in the matter of Andrew David Tachauer (the "Respondent") was held electronically by videoconference on June 23, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").
  • The Hearing Panel accepted the settlement agreement dated June 19, 2023 (the "Settlement Agreement"), between Staff of CIRO and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    $25,000 (costs and fine) payable in certified funds on the date of this Order;
    monthly payments of $3,333.33 (fine) in certified funds payable on or before the first day of every month for 6 consecutive months commencing on the first day of August, 2023.
  • 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 Etobicoke, Ontario area.

CIRO Hearing Panel accepts settlement agreement with Baljit Rana

Retrieved on: 
Wednesday, August 9, 2023

TORONTO, Aug. 9, 2023 /CNW/ - A settlement hearing in the matter of Baljit Bassi Rana (the "Respondent") was held electronically by videoconference on May 25, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Pacific District Hearing Committee of the New Self-Regulatory Organization of Canada ("New SRO").

Key Points: 
  • TORONTO, Aug. 9, 2023 /CNW/ - A settlement hearing in the matter of Baljit Bassi Rana (the "Respondent") was held electronically by videoconference on May 25, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Pacific District Hearing Committee of the New Self-Regulatory Organization of Canada ("New SRO").
  • 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 conducted business in the Golden, British Columbia 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 William Treble

Retrieved on: 
Wednesday, August 9, 2023

TORONTO, Aug. 9, 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 William James Treble (the "Respondent").

Key Points: 
  • TORONTO, Aug. 9, 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 William James Treble (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 Crystal City, 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 announces settlement hearing to take place in the matter of Stephen Talosi

Retrieved on: 
Tuesday, August 8, 2023

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

Retrieved on: 
Wednesday, August 2, 2023

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

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

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

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.