TORONTO, May 15, 2024
/CNW/ - On May 2, 2024, a hearing
panel of the Canadian Investment Regulatory Organization (CIRO)
under the Mutual Fund Dealer Rules granted CIRO Staff's motion to
amend the Notice of Hearing and scheduled a hearing in the matter
of Clive Wilkins.
The hearing is open to the public unless the panel orders
otherwise. The decision of the hearing panel will be made available
at www.ciro.ca.
Hearing Date: July 31, 2024 at
10:00 am (Eastern Time)
Location: Toronto, Ontario by
videoconference
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
The hearing concerns allegations that Clive Wilkins:
a) borrowed monies from
clients, and was indebted to clients which gave rise to conflicts
or potential conflicts of interest that he failed to disclose to
the Member or otherwise ensure were addressed by the exercise of
responsible business judgment influenced only by the best interests
of the clients;
b) made false or misleading
statements to the Member and the MFDA during the course of
investigations into his conduct; and
c) failed to cooperate with an
investigation into his conduct by Staff of CIRO
The Fresh as Amended Notice of Hearing and Statement of
Allegations, which set out the allegations, are available at:
Wilkins, Clive – Fresh as Amended Notice of Hearing and
Statement of Allegations
During the period described in the Notice of Hearing,
Clive Wilkins conducted business in
the St. Catharines, Ontario
area.
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)