Latest news with #CanadianInvestmentRegulatoryOrganization
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
CIRO Hearing Panel issues Reasons for Decision in the matter of Jagdish Chandane
TORONTO, July 18, 2025 /CNW/ – Following a settlement hearing held on May 22, 2025 pursuant to the Mutual Fund Dealer Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on July 11, 2025. The hearing panel's reasons for decision are available at: Re Chandane 2025 CIRO 35 In their reasons for decision, the hearing panel found that Jagdish Chandane failed in his obligations regarding the proper execution of client account documents, resulting in the collection, possession, and use of pre-signed and altered client account forms. The hearing panel also confirmed a fine of $15,000 and costs of $2,500 imposed on Jagdish Chandane as part of the settlement. At all material times, Jagdish Chandane conducted business with Investia Financial Services Inc. in the Oakville, Ontario area. Jagdish Chandane is currently active in the industry as a dealing representative with Investia Financial Services Inc. 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. All other Inquiries: Complaints & InquiriesSecure formToll-free (Canada/US) 1-877-442-4322
Cision Canada
2 days ago
- Business
- Cision Canada
Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Jagdish Chandane Français
TORONTO, /CNW/ - Following a settlement hearing held on May 22, 2025 pursuant to the Mutual Fund Dealer Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on July 11, 2025. The hearing panel's reasons for decision are available at: Re Chandane 2025 CIRO 35 In their reasons for decision, the hearing panel found that Jagdish Chandane failed in his obligations regarding the proper execution of client account documents, resulting in the collection, possession, and use of pre-signed and altered client account forms. The hearing panel also confirmed a fine of $15,000 and costs of $2,500 imposed on Jagdish Chandane as part of the settlement. At all material times, Jagdish Chandane conducted business with Investia Financial Services Inc. in the Oakville, Ontario area. Jagdish Chandane is currently active in the industry as a dealing representative with Investia Financial Services Inc. 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. All other Inquiries: Complaints & Inquiries Secure form Toll-free (Canada/US) 1-877-442-4322 SOURCE Canadian Investment Regulatory Organization (CIRO)
Cision Canada
4 days ago
- Business
- Cision Canada
Hearing Notice - CIRO to Hold a Settlement Hearing for Mohammed (Hamoudi) Dakik Français
TORONTO, July 16, 2025 /CNW/ - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules to consider a settlement agreement between CIRO Enforcement Staff and Mohammed (Hamoudi) Dakik. The hearing will become open to the public if the panel accepts the settlement agreement. If the settlement agreement is accepted, the panel's decision and the settlement agreement will be made available at Settlement Hearing Date: August 14, 2025 at 10:00 a.m. (Eastern Time) Location: Toronto, Ontario (by videoconference) Members of the public who would like to obtain further particulars should fill out this form. The Notice of Settlement Hearing is available at: Dakik, Mohammed - Notice of Settlement Hearing The alleged violations occurred while Mohammed Dakik was registered as a Dealing Representative with Investors Group Financial Services Inc. in the Nepean, Ontario area. Mohammed Dakik is not currently registered in the securities industry in any capacity. 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. 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)
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Investor Alert: Fraudulent Group Impersonating IG Wealth Management
Be an informed investor – Protect yourself against fraudulent schemes TORONTO, July 15, 2025 /CNW/ – The Canadian Investment Regulatory Organization (CIRO) is warning investors about a scam trading group that is impersonating CIRO-regulated firm IG Wealth Management and its employees and promoting fraudulent digital trading services through social media apps such as WhatsApp, Telegram, Facebook and LinkedIn. Scammers have been operating several fake Facebook pages under various names including 'IG Management: Path to FIRE' and 'Achieve FIRE with Larren Lawson,' that impersonate brand pages of IG Wealth Management and misuse the company's logo, name, marketing materials and employee identities. They are also running fake Facebook profiles under the names 'Phillip Ray Petursson' and 'Keric Nadia Kathleen' that impersonate IG Wealth Management's Chief Investment Strategist, Philip Petursson, and Nadia Keric, a real financial planner who does not work for IG Wealth Management. Other fake Facebook and LinkedIn accounts associated with this scam use the names Kent Ver (Markus), Victoria Arber and Sean Larren, and fraudulently list IG Wealth Management as their employer. Investors should beware of any communications from the fake accounts listed above on social media or messaging apps. The only authorized social media accounts for IG Wealth Management are linked on the company's website. To Protect Yourself Against Fraud: Verify the authenticity of any communication by contacting firms directly using their official website and contact details. Report suspicious activities where entities either claim to be regulated by CIRO or work for CIRO to CIRO immediately. Avoid sharing personal or financial information without confirming the legitimacy of the request. CIRO is committed to protecting investors and providing resources to address fraudulent activities. For more information on identifying and reporting scams, visit the CIRO website. Please note that 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 CIRO regulation or the fraudster claims to work for 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
Cision Canada
5 days ago
- Business
- Cision Canada
Investor Alert: Fraudulent Group Impersonating IG Wealth Management Français
Be an informed investor - Protect yourself against fraudulent schemes TORONTO, July 15, 2025 /CNW/ - The Canadian Investment Regulatory Organization (CIRO) is warning investors about a scam trading group that is impersonating CIRO-regulated firm IG Wealth Management and its employees and promoting fraudulent digital trading services through social media apps such as WhatsApp, Telegram, Facebook and LinkedIn. Scammers have been operating several fake Facebook pages under various names including "IG Management: Path to FIRE" and "Achieve FIRE with Larren Lawson," that impersonate brand pages of IG Wealth Management and misuse the company's logo, name, marketing materials and employee identities. They are also running fake Facebook profiles under the names "Phillip Ray Petursson" and "Keric Nadia Kathleen" that impersonate IG Wealth Management's Chief Investment Strategist, Philip Petursson, and Nadia Keric, a real financial planner who does not work for IG Wealth Management. Other fake Facebook and LinkedIn accounts associated with this scam use the names Kent Ver (Markus), Victoria Arber and Sean Larren, and fraudulently list IG Wealth Management as their employer. Investors should beware of any communications from the fake accounts listed above on social media or messaging apps. The only authorized social media accounts for IG Wealth Management are linked on the company's website. To Protect Yourself Against Fraud: Verify the authenticity of any communication by contacting firms directly using their official website and contact details. Report suspicious activities where entities either claim to be regulated by CIRO or work for CIRO to CIRO immediately. Avoid sharing personal or financial information without confirming the legitimacy of the request. CIRO is committed to protecting investors and providing resources to address fraudulent activities. For more information on identifying and reporting scams, visit the CIRO website. Please note that 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 CIRO regulation or the fraudster claims to work for 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) For media inquiries only: Ariel Visconti, Corporate Communications and Public Affairs, Canadian Investment Regulatory Organization, Telephone: 416-526-8240, Email: [email protected]; Please direct all other inquiries to our Complaints & Inquiries team: 1-877-442-4322 (Canada/US), 800-555-2323 (Outside Canada/US), or by completing our Secure Contact Form (
