Indian Residential Schools Settlement Agreement

CIRO Hearing Panel issues Reasons for Decision in the matter of Bernard Phanthavong

Retrieved on: 
Wednesday, November 8, 2023

TORONTO, Nov. 8, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated October 13, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on March 27, 2023 in the matter of Bernard Kevin Phanthavong (the "Respondent").

Key Points: 
  • TORONTO, Nov. 8, 2023 /CNW/ - A Hearing Panel of the Canadian Investment Regulatory Organization ("CIRO"), has issued its Reasons for Decision dated October 13, 2023 ("Reasons for Decision"), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on March 27, 2023 in the matter of Bernard Kevin Phanthavong (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.

Hearing Notice - CIRO Sanctions Pollitt & Co. Inc.

Retrieved on: 
Friday, November 3, 2023

TORONTO, Nov. 3, 2023 /CNW/ - On October 24, 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 Pollitt & Co. Inc. (Pollitt & Co).

Key Points: 
  • TORONTO, Nov. 3, 2023 /CNW/ - On October 24, 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 Pollitt & Co. Inc. (Pollitt & Co).
  • Pursuant to the settlement agreement, Pollitt & Co agreed to a fine of $175,000.
  • Pollitt & Co also agreed to pay costs in the amount of $15,000.
  • 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.

Notice - ROYAL BANK OF CANADA, File No. 2023-32

Retrieved on: 
Friday, November 3, 2023

TORONTO, Nov. 3, 2023 /CNW/ - Following a hearing held today, the Tribunal issued an Order in the above-named matter approving the Settlement Agreement reached between Staff of the Commission and Royal Bank of Canada.

Key Points: 
  • TORONTO, Nov. 3, 2023 /CNW/ - Following a hearing held today, the Tribunal issued an Order in the above-named matter approving the Settlement Agreement reached between Staff of the Commission and Royal Bank of Canada.
  • A copy of the Order dated November 3, 2023, Settlement Agreement dated October 25, 2023 and Oral Reasons for Approval of a Settlement dated November 3, 2023 are available at capitalmarketstribunal.ca

Hearing Notice - CIRO Sanctions Domino Au-Young

Retrieved on: 
Wednesday, November 1, 2023

VANCOUVER, BC, Nov. 1, 2023 /CNW/ - On October 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 Domino Au-Young.

Key Points: 
  • VANCOUVER, BC, Nov. 1, 2023 /CNW/ - On October 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 Domino Au-Young.
  • It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
  • 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 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 Sanctions Gravitas Securities and Blayne Creed

Retrieved on: 
Monday, October 23, 2023

TORONTO, Oct. 23, 2023 /CNW/ - On October 3, 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 Gravitas Securities and Blayne Creed.

Key Points: 
  • TORONTO, Oct. 23, 2023 /CNW/ - On October 3, 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 Gravitas Securities and Blayne Creed.
  • Gravitas Securities admitted that it failed to have and maintain risk adjusted capital greater than zero, contrary to Dealer Member Rule 17.1.
  • Mr. Creed, as Ultimate Designated Person of Gravitas Securities, failed to promote compliance by Gravitas Securities with the rules by agreeing to participate in a bought deal financing, which resulted in Gravitas Securities' capital deficiency, contrary to Dealer Member Rule 38.5.
  • The Settlement Agreement is available at:
    The alleged violations occurred while Blayne Creed was a Registered Representative, Ultimate Designated Person, Interim President and Chief Executive Officer of Gravitas Securities Inc. Gravitas Securities Inc. has been a Dealer Member since 2008.

Hearing Notice - CIRO Sanctions Louis Desprès

Retrieved on: 
Friday, September 22, 2023

MONTRÉAL, Sept. 22, 2023 /CNW/ - On September 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 Louis Desprès.

Key Points: 
  • MONTRÉAL, Sept. 22, 2023 /CNW/ - On September 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 Louis Desprès.
  • Mr. Desprès admitted that between March 2017 and December 2019, he failed to ensure that the recommendations he made for the accounts of one of his clients were suitable for that client.
  • Mr. Desprès also agreed to pay costs in the amount of $2,000.
  • 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.

Settlement Administrator Angeion Group Announces Proposed Settlement In Metromile Data Incident Class Action

Retrieved on: 
Friday, September 22, 2023

 PHILADELPHIA, Sept. 22, 2023 /PRNewswire/ -- Metromile, LLC (formerly, Metromile, Inc.) ("Defendant") has agreed to settle a class action lawsuit brought against them by Lowell Parker, individually and on behalf of all others similarly situated, who alleges that from July 2020 through January 2021, hackers obtained information from Defendant including the personally identifiable information ("PII") of over one hundred thousand consumers, including their driver's license numbers.

Key Points: 
  • The Settlement Class includes all residents of the United States whose information may have been affected by the Data Incident.
  • Metromile, LLC will pay $775,000 into a Settlement Fund, subject to final approval of the settlement by the Court and certain other conditions specified in the Settlement Agreement.
  • All Settlement Class Members will be provided access to Experian's "Credit Plus" Credit Monitoring Services for a period of 24 months.
  • The settlement will also provide cash payments to Settlement Class Members who submit valid claims.

Notice of Certification, Authorization and of Conclusion of a Proposed $7M Settlement in Class actions Concerning Transport of Imported Vehicles by Roll-on and Roll-off Vessels

Retrieved on: 
Wednesday, September 20, 2023

These allegations have not been proven in Court, and the four companies have not admitted to any wrongdoing.

Key Points: 

Settlement Reached in Navistar MaxxForce Engine Class Action

Retrieved on: 
Monday, September 18, 2023

VANCOUVER, BC, Sept. 18, 2023 /CNW/ - A settlement has been reached in a class action lawsuit against Navistar Canada ULC, Navistar, Inc., Navistar International Corporation, and Harbour International Trucks Ltd. (the "Defendants").

Key Points: 
  • VANCOUVER, BC, Sept. 18, 2023 /CNW/ - A settlement has been reached in a class action lawsuit against Navistar Canada ULC, Navistar, Inc., Navistar International Corporation, and Harbour International Trucks Ltd. (the "Defendants").
  • Class Vehicles include 2011-2014 model year Navistar vehicles equipped with a MaxxForce 11-, 13-, or 15-litre engine using EGR technology.
  • Class Members have the right to submit comments or objections to Class Counsel for consideration by the Court in respect of the Settlement and the fee request of Class Counsel.
  • If you are a Class Member who wants to be included in the class action, you do not need to do anything at this time.

Individuals who received notice of a Data Incident from Ethos Technologies are entitled to submit a claim for money under a class action settlement.

Retrieved on: 
Wednesday, September 6, 2023

Individuals are included as Settlement Class Members if they received notice of the Ethos Data Incident that occurred between approximately August 2022 and December 2022.

Key Points: 
  • Individuals are included as Settlement Class Members if they received notice of the Ethos Data Incident that occurred between approximately August 2022 and December 2022.
  • Settlement Class Members are also entitled to 12 months of free Credit Monitoring and Identity-Protection Services.
  • Settlement Class Members must submit a Claim Form, by mail or online, postmarked or submitted by December 20, 2023 to qualify for a Cash Payment.
  • Settlement Class Members will still be eligible to receive free credit monitoring and will be bound by the Court's decisions.