TORONTO, the 17 nov. 2023 /CNW/ – The Canadian Investment Regulatory Organization (CIRO) announced that it has issued a Notice of Settlement Hearing on August 11, 2023 regarding presentation, review and consideration by a jury hearing of the investigative committee of the section of Pacific OCRI of a proposed settlement agreement.
The proposed settlement agreement was reached between OCRI staff and Mei-Hui Bobb (the respondent) and concerns matters for which the respondent could be sanctioned by a hearing jury under Rules 7.3 and 7.4.1.1 of the Rules for Mutual Fund Dealers.
The proposed settlement agreement addresses the following allegations:
has. from November 2020 to April 2021, the Respondent photocopied the signature pages of account forms that had already been signed by clients and reused those signature pages to complete seven other account forms relating to five clients, in contravention of the Rule 2.1.1 of the Mutual Fund Dealers Rules (formerly MFDA Rule 2.1.1);
b. from May 2019 to March 2021, she modified 18 account forms relating to 15 clients by changing information without having the amendments initialed by the clients and used these forms to carry out transactions, contrary to Rule 2.1.1 of the Rules for Mutual Fund Dealers (formerly MFDA Rule 2.1.1);
vs. from November 2020 to September 2021, she obtained and had in her possession 17 pre-signed account forms relating to 6 clients and used these forms to carry out transactions, contrary to Rule 2.1.1 of the Rules for mutual fund dealers (formerly MFDA Rule 2.1.1).
In light of the proposed settlement agreement between OCRI staff and the Respondent, a settlement hearing will be held electronically, by videoconference, before a hearing panel of the Hearing Committee of the Section of the Pacific OCRI on December 12, 2023, beginning at 10:00 a.m. Pacific Time, or as soon after that time as possible. Members of the public wishing to attend should write to [email protected] for details.
OCRI settlement hearings are generally held in camera, in accordance with Rule 7.3.5 of the Mutual Fund Dealer Rules and subsection 15.2(2) of the MFDA Rules of Procedure. If the hearing panel accepts the settlement agreement, the proceeding will become public, and the decision of the hearing panel and the settlement agreement will be made public to www.mfda.ca.
L’notice of settlement hearing can be found on the ACFM website, at www.mfda.ca. During the period mentioned in the notice of settlement hearing, the respondent carried out its activities in the region of Surreyin British Columbia.
The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian self-regulatory organization that oversees all investment dealers and mutual fund dealers and all transactions in the equity and securities markets. of debt to Canada. OCRI carries out the regulatory functions performed by the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada and is committed to protecting investors, ensuring effective and consistent regulation and strengthening Canadians’ confidence in financial regulations and the people who handle their investments. To find out more, visit the website www.ocri.ca.
SOURCE Canadian Investment Regulatory Organization (OCRI)
Information: Joanna Nicholson, Head of Public Affairs, 416 943-4640, [email protected]
2023-11-18 04:01:15
#OCRI #Issues #Notice #Settlement #Hearing #MeiHui #Bobb #Case
