TORONTO, July 29,
2024 /CNW/ - An application brought by
Enforcement Staff of the Canadian Investment Regulatory
Organization (CIRO) for an order expelling Gravitas
Securities Inc. (Gravitas) from CIRO and terminating its
rights and privileges of membership pursuant to the Investment
Dealer and Partially Consolidated Rules has been scheduled before a
hearing panel.
Gravitas' membership in CIRO was suspended by a protective order
made on June 8, 2023.
Gravitas has consented to the order sought in the
application.
The application will be heard in writing on August 7, 2024 at 10:00
a.m. (Eastern Time).
The decision of the hearing panel will be made available at
www.ciro.ca.
Gravitas Securities Inc. – Notice of Application for Protective
Order
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 www.ciro.ca.
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)