TORONTO, Aug. 14,
2024 /CNW/ - Following an application hearing to
expel Gravitas Securities Inc. (Gravitas) from the membership in
the Canadian Investment Regulatory Organization (CIRO) pursuant to
the Investment Dealer and Partially Consolidated Rules, a CIRO
hearing panel issued an order terminating Gravitas' membership
effective August 7, 2024.
The hearing panel's order dated August
7, 2024 and decision will be made available at
www.ciro.ca.
Gravitas Securities Inc. - Order
Gravitas' membership in CIRO was suspended by a protective order
made on June 8, 2023. Gravitas
consented to an order terminating its rights and privileges of
membership.
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)