CIRO Hearing Panel rejects a settlement in the matter of Yujie (Jared) Liu and BMO Nesbitt Burns Inc.

TORONTO, Nov. 29, 2023 /CNW/ - On August 25 and 29, 2023, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing to consider whether the panel should accept a settlement agreement between Enforcement Staff and Yujie (Jared) Liu and BMO Nesbitt Burns Inc. (BMO NBI). Following submissions of the parties, the hearing panel rejected the proposed settlement.

A disciplinary proceeding in this matter was commenced by a Notice of Application issued on August 15, 2023:

Yujie (Jared) Liu and BMO Nesbitt Burns Inc. - Notice of Application

Yujie (Jared) Liu was a Registered Representative with BMO NBI during the relevant time and until about July 2021. He is currently employed with BMO NB in a non-registered capacity. BMO NBI is a CIRO-regulated Dealer Member.

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 firms (Investment Dealer Division) is available free of charge through the AdvisorReport service. Information on how to make investment 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.

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.

SOURCE Canadian Investment Regulatory Organization (CIRO)

Joanna Nicholson, Manager, Public Affairs, [email protected], Phone: [phone]