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)
