CIRO Hearing Panel issues Reasons for Decision in the matter of Vikram Jindal

TORONTO, Jan. 9, 2024 /CNW/ - Following a settlement hearing held on October 27, 2023, in Toronto, Ontario, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules accepted the settlement agreement dated October 4, 2023 between CIRO's Enforcement Staff and Vikram Jindal.

The hearing panel's reasons for decision, dated December 23, 2023, are available at:

Re Jindal, Vikram 2023 CIRO 29

In its reasons for decision, the Hearing Panel confirmed the sanctions imposed on Vikram Jindal:

• a fine in the amount of $5,000; and
• costs in the amount of $2,500 upon acceptance of the settlement agreement.

During the period described in the Notice of Hearing, Vikram Jindal conducted business in the London, 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)