TORONTO, April 2, 2025 /CNW/ - On March 17, 2025, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing pursuant to the Mutual Fund Dealer Rules and accepted a settlement agreement, with sanctions, between Enforcement Staff and Henry Griffioen.
Henry Griffioen admitted to engaging in securities related business that was not carried on for the account or through the facilities of the Dealer Member by facilitating the sale of promissory notes to clients and another individual and creating false notes on an account form and in the Dealer Member's system.
Pursuant to the settlement agreement, Henry Griffioen agreed to a fine of $75,000 and a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any CIRO Dealer Member.
Henry Griffioen will also pay costs of $5,000.
The Settlement Agreement is available at:
Griffioen, Henry – Settlement Agreement
The hearing panel's decision will be made available at www.ciro.ca.
The violations took place when Henry Griffioen was registered in London, Ontario as a dealing representative with Quadrus Investments Services Ltd. Henry Griffioen 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.
All other Inquiries: Complaints & Inquiries
Secure form
Email to [email protected]
Toll-free (Canada/US) 1-877-442-4322
SOURCE Canadian Investment Regulatory Organization (CIRO)
Media Inquiries: Kate Morris, Senior Corporate Communications and Public Affairs Specialist, [email protected] / 416-779-8301
Share this article