Latest news with #IIROC
Cision Canada
3 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)
CTV News
4 days ago
- Business
- CTV News
Man prohibited from financial markets 8 years ago charged with breaching ban, BCSC says
The TSX ticker is shown in Toronto on May 10, 2013. (Frank Gunn / The Canadian Press) B.C.'s financial markets regulator says a man has been charged with failing to comply with an order it made eight years ago banning him from a variety of investment-related activities. Marcel Anil Rada is scheduled to make his first appearance on the charges in North Vancouver provincial court on July 16, the B.C. Securities Commission said in a news release Wednesday. According to the commission, the 59-year-old allegedly acted as a director or officer of an issuer of securities between 2017 and 2015, despite being permanently banned from doing so. Online court records show Rada has been charged with two counts of contravention of B.C.'s Securities Act. The offence dates are listed as Oct. 5, 2017 and May 5, 2021. A BCSC panel permanently banned Rada from becoming or acting as a director or officer of any issuer in 2017. The ban was imposed based on a 2011 decision by the Investment Industry Regulatory Organization of Canada. In that decision, the organization accepted a settlement with Rada in which he admitted to a variety of misconduct. Rada admitted that he had raised $205,000 from people who were looking to invest in two different issuers of securities, without disclosing that the issuers would pay nearly all of this money – some $175,000 – to Rada. He also admitted to 'facilitating participation in off-book transactions without the knowledge and consent of his employer;' issuing a cheque to repay a loan to an issuer from an account that he knew or ought to have known had been closed two months earlier; and failing to co-operate with the IIROC's investigative staff. For this misconduct, he agreed to pay a $75,000 fine and $10,000 in costs, and to be permanently banned from reapproval by the IIROC in any capacity. The BCSC imposed its prohibitions on Rada under a section of the Securities Act that allows it to recognize decisions from other regulatory bodies. The ban was intended to 'protect investors and the capital markets in British Columbia,' according to the BCSC decision. The charges against Rada have not been proven. If convicted, he could face 'fines, imprisonment, probation and/or restitution orders,' according to the BCSC.
Yahoo
25-03-2025
- Business
- Yahoo
Hydro One Limited announces Susan Wolburgh Jenah as Interim Chair of the Board of Directors
TORONTO, March 25, 2025 /CNW/ - Hydro One Limited announced today that Susan Wolburgh Jenah was selected by the Board of Directors to serve as Interim Chair of the Board. The current Chair, Timothy Hodgson, has taken an unpaid leave of absence to run in the federal election for the Liberal Party of Canada. Susan Wolburgh Jenah joined the Board of Directors on January 1, 2020 and serves as the Governance and Regulatory Committee Chair, and as a member of the Indigenous, Peoples, Safety and Operations Committee. Susan Wolburgh Jenah biography Susan Wolburgh Jenah is a corporate director with four decades of experience as a senior regulator, chief executive officer, lawyer and director. Throughout her career, she has served on numerous corporate, Crown corporation and not–for–profit boards and expert advisory committees. Ms. Wolburgh Jenah currently serves on the board of Aecon Group Inc. (TSX) and is Chair of the Corporate Governance, Nominating and Compensation Committee. She recently served as Vice–Chair of Humber River Hospital and as a member of the Independent Review Committee of Vanguard Investments Canada. Prior directorships include serving as a Public Governor of the U.S. Financial Industry Regulatory Authority, as Chair of the NEO Exchange, and as a director of Laurentian Bank of Canada, Aequitas Innovations, The Global Risk Institute, the Investment Industry Regulatory Organization of Canada (IIROC), and the Institute of Corporate Directors. Ms. Wolburgh Jenah was the founding President and CEO of IIROC and held numerous executive roles at the Ontario Securities Commission, including Vice–Chair, Acting Chair, General Counsel and Head of International Affairs. Ms. Wolburgh Jenah holds a Bachelor of Arts from the University of Toronto and a Juris Doctor from Osgoode Hall Law School. She is also a member of the C.D. Howe National Advisory Council and served as Mentor to the Catalyst Women on Board Program. She is a prior Fellow and Adjunct Professor at Osgoode Hall Law School and recipient of the Osgoode Hall Gold Key for Achievement in 2011. Ms. Wolburgh Jenah holds her ICD.D. Hydro One Limited (TSX: H) Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of approximately $8.5 billion. Our team of approximately 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested approximately $3.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at or View original content to download multimedia: SOURCE Hydro One Limited View original content to download multimedia: Sign in to access your portfolio
