Indian Residential Schools Settlement Agreement

CIRO Hearing Panel accepts settlement agreement with Ramanbhai Patel

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Monday, August 21, 2023

CIRO, Vexatious litigation, Indian Residential Schools Settlement Agreement, Settlement, Investment, Mutual Fund Dealers Association, Hearing, Respondent, Rare-earth element, Financial adviser

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 Hearing Panel accepts settlement agreement with Andrew Tachauer

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Friday, August 11, 2023

Investment Industry Regulatory Organization of Canada, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Settlement, Investment, Hearing, Respondent, CIRO, KYC, Financial adviser, Etobicoke

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

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Wednesday, August 9, 2023

Organization, Investment Industry Regulatory Organization of Canada, CIRO, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Settlement, Investment, Hearing, Respondent, Financial adviser, Golden

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 James Wilson

Retrieved on:

Tuesday, August 1, 2023

Investment Industry Regulatory Organization of Canada, Reason (argument), Notice of Hearing, Mutual Fund Dealers Association, Decision, Settlement, Ethics, Investment, Hearing, Indian Residential Schools Settlement Agreement, Respondent, CIRO, Financial adviser

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 accepts settlement agreement with Roxanne Carter

Retrieved on:

Wednesday, July 26, 2023

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

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 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 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.

CIRO Hearing Panel accepts settlement agreement with Bernard Phanthavong

Retrieved on:

Wednesday, July 12, 2023

Dealer, Investment Industry Regulatory Organization of Canada, CIRO, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Former, Settlement, Corporation, Investment, Knowledge, Respondent, Financial adviser

TORONTO, July 12, 2023 /CNW/ - A settlement hearing in the matter of Bernard Kevin Phanthavong (the "Respondent") was held electronically by videoconference on March 27, 2023 in Winnipeg, Manitoba before a three-member Hearing Panel of the Manitoba District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").

Key Points:

TORONTO, July 12, 2023 /CNW/ - A settlement hearing in the matter of Bernard Kevin Phanthavong (the "Respondent") was held electronically by videoconference on March 27, 2023 in Winnipeg, Manitoba before a three-member Hearing Panel of the Manitoba District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").
During the period described in the Settlement Agreement, the Respondent carried on business in the Winnipeg, Manitoba area.
The contraventions reference Mutual Fund Dealer Rules 2.1.1 and 2.1.4(2) which correspond to former MFDA Rules 2.1.1 and 2.1.4.
Unless otherwise indicated, the wording of the current Mutual Fund Dealer Rules is the same as the wording of the regulatory requirements that were contravened.