Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Gordon Keith Nicholson
TORONTO, Dec. 4, 2024 /CNW/ - Following a settlement hearing pursuant to the Mutual Fund Dealer Rules held on November 1, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that Gordon Keith Nicholson signed the signatures of 13 clients on 19 account forms and submitted them to the Dealer Member for processing.
The hearing panel issued their reasons for decision on November 24, 2024, which are available at:
In their reasons for decision, the hearing panel confirmed a fine of $7,500 and a prohibition from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO for a period of six months imposed on Gordon Nicholson.
Gordon Nicholson is also required to pay costs in the amount of $1,000.
At all material times, Gordon Nicholson conducted business with BMO Investments Inc. in Guelph, Ontario. Gordon Nicholson is not currently registered in the securities industry in any capacity.
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)
Kate Morris, Senior Corporate Communications and Public Affairs Specialist, [email protected], Phone: 416-779-8301
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