Mutual Fund Dealers Association

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
Cloud, The central science, Dealer, IIROC, Indian Residential Schools Settlement Agreement, Investment Industry Regulatory Organization of Canada, Record, Mutual Fund Dealers Association, Person, Sale, Book, Settlement, Documentation, Red Cloud, Investment, Enforcement, CIRO, KYC, Financial adviser, Wine, Security (finance)

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.

CIRO Hearing Panel issues Reasons for Decision in the matter of Azhar Batla

Retrieved on: 
Thursday, July 20, 2023
Investment Industry Regulatory Organization of Canada, Notice of Hearing, Respondent, Mutual Fund Dealers Association, Investment, CIRO, Financial adviser

TORONTO, July 20, 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 penalty hearing held electronically by videoconference in Toronto, Ontario on November 18, 2022, in the matter of Azhar Ahmad Batla (the "Respondent").

Key Points: 
  • TORONTO, July 20, 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 penalty hearing held electronically by videoconference in Toronto, Ontario on November 18, 2022, in the matter of Azhar Ahmad Batla (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.
  • 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 to Hold a Disciplinary Hearing for Randy Bryan Hildebrandt

Retrieved on: 
Thursday, July 20, 2023
The central science, IIROC, Investment Industry Regulatory Organization of Canada, Mutual Fund Dealers Association, Investment, Hearing, Enforcement, CIRO, Property management, Financial adviser

VANCOUVER, BC, July 20, 2023 /CNW/ - An initial appearance has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) to set a date for a disciplinary hearing in the matter of Randy Bryan Hildebrandt.

Key Points: 
  • VANCOUVER, BC, July 20, 2023 /CNW/ - An initial appearance has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) to set a date for a disciplinary hearing in the matter of Randy Bryan Hildebrandt.
  • The initial appearance is open to the public, unless the hearing panel orders otherwise.
  • The date for the disciplinary hearing will be made available at www.iiroc.ca .
  • It can bring disciplinary proceedings which may result in sanctionsincluding fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

CIRO Sanctions Francesco Mauro

Retrieved on: 
Tuesday, July 18, 2023
The central science, IIROC, Indian Residential Schools Settlement Agreement, Investment Industry Regulatory Organization of Canada, CIRO, Mutual Fund Dealers Association, Settlement, Investment, Enforcement, Respondent, Financial adviser, Security (finance)

VANCOUVER, BC, July 18, 2023 /CNW/ - On June 20, 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 Francesco Mauro, a.k.a.

Key Points: 
  • VANCOUVER, BC, July 18, 2023 /CNW/ - On June 20, 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 Francesco Mauro, a.k.a.
  • Frank Mauro.
  • Mr. Mauro admitted that he failed to use due diligence to ensure that his investment recommendations were suitable for his client.
  • 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 makes findings of misconduct and imposes sanctions against John Moody

Retrieved on: 
Monday, July 17, 2023
Agreement, Hearing, Investment Industry Regulatory Organization of Canada, Notice of Hearing, Mutual Fund Dealers Association, Investment, Notice, Respondent, CIRO, Financial adviser

As previously announced, on January 24, 2023, a three-member Hearing Panel of CIRO's Alberta District Hearing Committee reserved their decision on misconduct and sanctions.

Key Points: 
  • As previously announced, on January 24, 2023, a three-member Hearing Panel of CIRO's Alberta District Hearing Committee reserved their decision on misconduct and sanctions.
  • On June 21, 2023, an appearance was held in this proceeding electronically by videoconference before the Hearing Panel.
  • The Hearing Panel found that the two allegations set out in the Notice of Hearing had been established.
  • The Hearing Panel advised that they will determine the matter of costs at a later date.

CIRO Hearing Panel accepts settlement agreement with Stephanie Vaarsi

Retrieved on: 
Monday, July 17, 2023
Investment Industry Regulatory Organization of Canada, CIRO, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Settlement, Investment, Mutual fund, Respondent, Financial adviser

TORONTO, July 17, 2023 /CNW/ - A settlement hearing in the matter of Stephanie Vaarsi (the "Respondent") was held electronically by videoconference on June 19, 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 17, 2023 /CNW/ - A settlement hearing in the matter of Stephanie Vaarsi (the "Respondent") was held electronically by videoconference on June 19, 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 March 28, 2023 (the "Settlement Agreement"), between Staff of CIRO and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    shall in the future comply with Mutual Fund Dealer Rules 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 Toronto, Ontario area.