Decision Notice - CIRO Hearing Panel reserves judgment on hearing on the merits in the matter of Zahir Lehri

TORONTO, Jan. 22, 2024 /CNW/ - A hearing on the merits in the matter of Zahir Lehri was held before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) on November 13, 2023 and January 11, 2024.  After hearing submissions from Enforcement Staff and Zahir Lehri with respect to the merits of this matter, the Hearing panel reserved judgment and advised they will issue their decision and written reasons in due course.

The decision of the hearing panel will be made available at www.ciro.ca.

The Notice of Hearing and Statement of Allegations are available at:

Lehri, Zahir – Notice of Hearing and Statement of Allegations

During the period described in the Notice of Hearing, the Respondent conducted business in the Brampton, Ontario area.

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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.

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.

SOURCE Canadian Investment Regulatory Organization (CIRO)

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