Subject: LAW
CIRO issues Reasons for Decision in the John Moody matter
CALGARY, AB, Dec. 12, 2023 /CNW/ - Following a disciplinary hearing held on January 23 and June 21, 2023, in Calgary, Alberta, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules found that John Dixon Moody contravened Mutual Fund Dealer Rule 2.1.1.
The hearing panel's decision dated December 1, 2023, is available at:
Specifically, the hearing panel found that the respondent committed the following violations:
a) Allegation #1: Between January 2016 and July 2020, the Respondent altered and used to process transactions, 29 account forms in respect to 25 clients by altering information on the forms without having the client initial the alterations, contrary to MFDA Rule 2.1.1.; and
b) Allegation #2: Between January 2016 and July 2020, the Respondent obtained, possessed, and used to process transactions, 4 pre-signed account forms in respect of 3 clients contrary to MFDA Rule 2.1.1.
The hearing panel directed the parties to make submissions on costs, which will be determined separately.
During the period described in the Notice of Hearing, the Respondent conducted business in the Calgary, Alberta 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 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)
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