Hearing Notice - CIRO to Hold Disciplinary Hearing for Peter Michael Deeb and Hampton Securities Limited

TORONTO, Nov. 10, 2023 /CNW/ - An initial appearance has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) to set a date for a disciplinary hearing in the matter of Peter Michael Deeb and Hampton Securities Limited (Hampton Securities).

The initial appearance is open to the public unless the hearing panel orders otherwise. The date for the disciplinary hearing will be made available at www.iiroc.ca.

Initial Appearance:         November 21, 2023 at 10:00 am Eastern Time

Location:                         Toronto, Ontario via videoconference

Members of the public who would like to obtain further particulars should fill out this questionnaire.

The hearing concerns allegations that:

a) between January 2020 and April 2020, Peter Michael Deeb engaged in a trading practice in client and firm inventory accounts that was contrary to Investment Dealer and Partially Consolidated Rule 1400,

b) between January 2020 and April 2020, Hampton Securities failed to keep and maintain a proper system of books and records and provide records of trading activity contrary to Dealer Member Rules 17.2 and 200, and

c) between January 2020 and September 2020, Peter Michael Deeb failed to promote compliance by Hampton Securities with regulatory requirements contrary to Dealer Member Rule 38.5.

The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:

Deeb and Hampton Securities – Notice of Hearing and Statement of Allegations

Peter Michael Deeb is the Ultimate Designated Person and a Registered Representative at Hampton Securities and, between March 2020 and September 2020, was also its Acting Chief Compliance Officer. Hampton Securities is a Dealer Member of CIRO with a head office in Toronto, Ontario.

All information about disciplinary proceedings relating to current and former member firms and individual registrants is available in the Enforcement section of the IIROC website for investment dealer disciplinary proceedings and the MFDA website for mutual fund dealer disciplinary proceedings.

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.

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]