Latest news with #CIRO
Cision Canada
16 hours ago
- Business
- Cision Canada
Decision Notice - CIRO Hearing Panel finds Ken Kin Kit Lui and Devina Master liable and imposes sanctions Français
TORONTO, /CNW/ - Following a disciplinary hearing held on June 11, 2025, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules found that: a) Ken Lui engaged in outside activities that were not disclosed to or approved by the Dealer Member, b) Ken Lui and Devina Master engaged in personal financial dealings with clients giving rise to conflicts or potential conflicts of interest that they failed to disclose to the Dealer Member or otherwise address by the exercise of responsible business judgment influenced only by the best interests of the clients, and c) Ken Lui and Devina Master failed to cooperate with an investigation by CIRO Staff into their conduct. The hearing panel imposed the following sanctions on Ken Lui: a) a permanent prohibition from conducting securities related business while in the employ of or associated with any Dealer Member of CIRO, and b) a fine of $770,947.17. Ken Lui is also required to pay costs in the amount of $25,000. The hearing panel imposed the following sanctions on Devina Master: a) a permanent prohibition from conducting securities related business while in the employ of or associated with any Dealer Member of CIRO, and b) a fine of $150,000. Devina Master is also required to pay costs in the amount of $15,000. The reasons for decision will be posted on when available. The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at: Lui, Ken and Master, Devina – Notice of Hearing and Statement of Allegations The violations occurred while Ken Lui and Devina Master were Registered Representatives with the Toronto, Ontario branch of CIBC Securities Inc. Ken Lui and Devina Master are not currently registered in the securities industry in any capacity. 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 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. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make 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. 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.
Cision Canada
a day ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trading Halt - KEN.H Français
VANCOUVER, BC, /CNW/ - The following issues have been halted by CIRO Company: Kenadyr Metals Corp. TSX-Venture Symbol: KEN.H All Issues: Yes Reason: Pending News Halt Time (ET): 8:23 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Cision Canada
2 days ago
- Business
- Cision Canada
Decision Notice - CIRO Hearing Panel sanctions Michael Rolland Smith Français
HALIFAX, NS, June 19, 2025 /CNW/ - Following a disciplinary hearing held on June 2, 2025, at which an Agreed Statement of Facts was provided, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules found that Michael Rolland Smith: (a) misappropriated monies from a client or otherwise obtained monies from a client, some or all of which were not repaid, (b) changed the designated beneficiary for a client's mutual fund accounts to family members, and (c) failed to cooperate with an investigation into his conduct by CIRO Staff. The hearing panel imposed the following sanctions on Michael Smith: (a) a global fine of $1,509,879.41 (b) a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO. Michael Smith will also pay costs of $20,000. The hearing panel's reasons for decision will be made available at The Agreed Statement of Facts is available at: Smith, Michael – Agreed Statement of Facts At all material times, Michael Smith conducted business with Investors Group Financial Services Inc. in the Amherst, Nova Scotia area. Michael Smith is not currently registered in the securities industry in any capacity. 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 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. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make 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. 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. SOURCE Canadian Investment Regulatory Organization (CIRO)
Cision Canada
2 days ago
- Business
- Cision Canada
Investor Alert: Morgan PRE Limited falsely claims being regulated by IIROC Français
Be an informed investor - Don't be misled by fraudulent claims of IIROC or CIRO regulation TORONTO, June 19, 2025 /CNW/ - The Canadian Investment Regulatory Organization (CIRO) is warning Canadian investors not to be misled by Morgan PRE Limited (preforex[.]com). Morgan PRE Limited falsely claims to be regulated by the Investment Industry Regulatory Organization of Canada (IIROC), a predecessor of CIRO, as well as other regulators. Morgan PRE also falsely claims to be affiliated with Morgan Stanley Canada Limited, a CIRO-regulated firm, and misuses Morgan Stanley Canada Limited's actual address. Investors should be aware that Morgan PRE has no association with IIROC, CIRO, Morgan Stanley Canada Limited or Morgan Stanley Wealth Management Canada Inc. Protect Yourself from Fraud Investors can confirm with CIRO's Complaints & Inquiries team to verify the legitimacy of anyone claiming to represent CIRO. All individuals registered to offer financial advice in Canada are listed on the National Registration Search of the Canadian Securities Administrators (CSA). CIRO's Office of the Investor provides resources to help Canadians avoid investment fraud and protect their financial well-being. See Avoiding Fraud and Protecting Your Investments on CIRO's website for additional information. If you believe you have been a victim of this or a similar scam, immediately contact your bank, local police, your provincial securities commission, and the Canadian Anti-Fraud Centre. If there are claims of affiliation with CIRO, please also report it to CIRO. About CIRO 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 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. For more information, visit SOURCE Canadian Investment Regulatory Organization (CIRO)
Cision Canada
2 days ago
- Business
- Cision Canada
Canadian Investment Regulatory Organization Trade Resumption - LFE.PR.B Français
TORONTO, /CNW/ - Trading resumes in: Company: Canadian Life Companies Split Corp. TSX Symbol: All Issues: Yes Resumption (ET): 8:00 AM CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.. SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
