TORONTO, Sept. 20, 2024 /CNW/ – A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Investment Dealer and Partially Consolidated Rules to consider a settlement agreement entered into between Enforcement Staff and Clarus Securities Inc. (Clarus) and James Christodoulis.
The hearing will become open to the public in the event that 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 www.ciro.ca.
Settlement Hearing Date: September 25, 2024 at 1:00 pm (Eastern Time)
Location: Toronto, Ontario (by videoconference)
Members of the public who would like to obtain further particulars should fill out this questionnaire.
The Notice of Motion announcing the settlement hearing is available at:
Clarus and Christodoulis, James – Notice of Motion
The alleged violations occurred while James Christodoulis was a Registered Representative with Clarus. James Christodoulis is the co-founder of Clarus and has been the firm’s Ultimate Designated Person since 2013. He continues to be employed in a registered capacity with Clarus. Clarus is a CIRO-regulated Dealer Member and a Participant under the Universal Market Integrity Rules (UMIR). Clarus is based in Toronto, Ontario and is primarily engaged in corporate finance activities and trading for institutional accounts.
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)
