Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Jacqueline Lynn Hodge

TORONTO, Feb. 5, 2025 /CNW/ - Following a settlement hearing, pursuant to the Mutual Fund Dealer Rules, held on January 22, 2025, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement, with sanctions, between Enforcement Staff and Jacqueline Lynn Hodge.

Jacqueline Hodge admitted to:

a)    opening three client accounts, processing transactions, and recording a client's Know Your Client information, based on the instructions of someone other than the client or without the client's authorization, and

b)    signing the signature of a client on two documents and permitting someone other than the client to sign a client's signature on a document.

The hearing panel issued their reasons for decision on January 24, 2025, which are available at:

Re Hodge 2025 CIRO 06

In their reasons for decision, the hearing panel confirmed the fine of $15,000, a prohibition from acting as a branch manager or in a supervisory capacity while in the employ of or associated with any Dealer Member of CIRO for a period of 6 months and costs of $5,000 imposed on Jacqueline Hodge.

At all material times, Jacqueline Hodge conducted business with PFSL Investments Canada Ltd. in the Slave Lake, Alberta area. Jacqueline Hodge remains registered in Alberta with PFSL Investments Canada Ltd.

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: [phone]