Mutual Fund Dealers Association

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.

CIRO to Hold Disciplinary Hearing for Domino Au-Young

Retrieved on: 
Wednesday, June 14, 2023

VANCOUVER, BC, June 14, 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 Domino Au-Young.

Key Points: 
  • VANCOUVER, BC, June 14, 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 Domino Au-Young.
  • 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 .
  • The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:
    All information about disciplinary proceedings relating to current and former member firms and individual registrants is available in the Enforcement section of the IIROC website for investment dealer disciplinary proceedings and the MFDA website for mutual fund dealer disciplinary proceedings.

CIRO Suspends Gravitas Securities Inc.

Retrieved on: 
Monday, June 12, 2023

TORONTO, June 12, 2023 /CNW/ - A hearing panel of the Canadian Investment Regulatory organization (CIRO) suspended the membership of Gravitas Securities Inc. effective June 8, 2023.

Key Points: 
  • TORONTO, June 12, 2023 /CNW/ - A hearing panel of the Canadian Investment Regulatory organization (CIRO) suspended the membership of Gravitas Securities Inc. effective June 8, 2023.
  • Information on how to make investment dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.
  • CIRO investigates possible misconduct by its member firms and individual registrants.
  • 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 to Hold a Settlement Hearing for Francesco Mauro (aka Frank Mauro)

Retrieved on: 
Monday, June 12, 2023

The hearing is not open to the public but will become open in the event that the panel accepts the agreement.

Key Points: 
  • The hearing is not open to the public but will become open in the event that the panel accepts the agreement.
  • If the agreement is accepted, the panel's decision and the settlement agreement 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.
  • 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 issues Notice of Settlement Hearing in respect of Stephanie Vaarsi

Retrieved on: 
Wednesday, June 7, 2023

TORONTO, June 7, 2023 /CNW/ - Canadian Investment Regulatory Organization ("CIRO") announced that it has issued a Notice of Settlement Hearing dated May 31, 2023, regarding the presentation, review and consideration of a proposed settlement agreement by a Hearing Panel of the CIRO'S Ontario District Hearing Committee.

Key Points: 
  • TORONTO, June 7, 2023 /CNW/ - Canadian Investment Regulatory Organization ("CIRO") announced that it has issued a Notice of Settlement Hearing dated May 31, 2023, regarding the presentation, review and consideration of a proposed settlement agreement by a Hearing Panel of the CIRO'S Ontario District Hearing Committee.
  • The settlement agreement will be between Staff of CIRO and Stephanie Vaarsi (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to Mutual Fund Dealer Rule 7.4.4.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent conducted business in the Toronto, Ontario area.

New SRO Hearing Panel makes findings of misconduct and imposes sanctions against Antonio Luciano

Retrieved on: 
Tuesday, June 6, 2023

TORONTO, June 6, 2023 /CNW/ - The Mutual Fund Dealers Association of Canada, now New Self-Regulatory Organization of Canada ("New SRO"), commenced a disciplinary proceeding in respect of Antonio Luciano (the "Respondent") by Notice of Hearing dated December 6, 2022 (the "Notice of Hearing").

Key Points: 
  • TORONTO, June 6, 2023 /CNW/ - The Mutual Fund Dealers Association of Canada, now New Self-Regulatory Organization of Canada ("New SRO"), commenced a disciplinary proceeding in respect of Antonio Luciano (the "Respondent") by Notice of Hearing dated December 6, 2022 (the "Notice of Hearing").
  • A disciplinary hearing in this matter was held electronically by videoconference on May 19, 2023 before a three-member Hearing Panel of the New SRO's Ontario District Hearing Committee.
  • A copy of the Notice of Hearing 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 Richmond Hill, Ontario area.

New SRO Hearing Panel accepts settlement agreement with Charles Hogg

Retrieved on: 
Friday, June 2, 2023

TORONTO, June 2, 2023 /CNW/ - A settlement hearing in the matter of Charles Leigh Hogg (the "Respondent") was held electronically by videoconference on May 16, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the New Self-Regulatory Organization of Canada ("New SRO").

Key Points: 
  • TORONTO, June 2, 2023 /CNW/ - A settlement hearing in the matter of Charles Leigh Hogg (the "Respondent") was held electronically by videoconference on May 16, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario 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 carried on business in the Kitchener, Ontario area.
  • New Self-Regulatory Organization of Canada is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces.

Enforcement Notice - Hearing - CIRO to Hold Protective Order Hearing in the Matter of Gravitas Securities Inc.

Retrieved on: 
Thursday, June 1, 2023

TORONTO, June 1, 2023 /CNW/ - A protective order hearing has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Gravitas Securities Inc. (Gravitas).

Key Points: 
  • TORONTO, June 1, 2023 /CNW/ - A protective order hearing has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Gravitas Securities Inc. (Gravitas).
  • CIRO Staff will seek an order pursuant to sections 8212 and 8426 of the Investment Dealer and Partially Consolidated Rules.
  • In particular, CIRO Staff will seek an order for the suspension of Gravitas' membership as a result of: (1) Gravitas becoming capital deficient; and (2) Gravitas advising of its intention to wind up its business as an investment dealer.
  • Members of the public who would like to attend the hearing should contact CIRO's National Hearing Officer at [email protected] to obtain the details.

New SRO Publishes 2024 Priorities

Retrieved on: 
Thursday, June 1, 2023

CIRO's Annual Priorities build off the work and previous priorities of the two legacy self-regulatory organizations, the Mutual Fund Dealers Association and Investment Industry Regulatory Organization of Canada.

Key Points: 
  • CIRO's Annual Priorities build off the work and previous priorities of the two legacy self-regulatory organizations, the Mutual Fund Dealers Association and Investment Industry Regulatory Organization of Canada.
  • The themes of Annual Priorities encompass developing a brand for CIRO, promoting initiatives related to investor protection, finding ways to harmonize our regulatory approach and supporting industry transformation.
  • "The Annual Priorities take place in the context of post-amalgamation of two important legacy organizations," said Alexandra Williams, Senior Vice-President, Member Regulation and Strategy.
  • "We are looking forward to making further progress on each of our critical priorities over the coming months."

NEW SRO Changes its Name to Canadian Investment Regulatory Organization

Retrieved on: 
Thursday, June 1, 2023

TORONTO, June 1, 2023 /CNW/ - New SRO has officially changed its name to the Canadian Investment Regulatory Organization (CIRO) The name change is a result of the former Mutual Fund Dealers Association of Canada and Investment Industry Regulatory Organization of Canada amalgamating earlier this year.

Key Points: 
  • TORONTO, June 1, 2023 /CNW/ - New SRO has officially changed its name to the Canadian Investment Regulatory Organization (CIRO) The name change is a result of the former Mutual Fund Dealers Association of Canada and Investment Industry Regulatory Organization of Canada amalgamating earlier this year.
  • To celebrate the launch of the new name, CIRO executives and employees opened the Toronto markets this morning.
  • "Today is a momentous day for our organization, industry, and our employees.
  • "It is a transformative time for Canadian securities regulation, and I am proud to be involved in making things better.