Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Miranda Che

SASKATOON, SK, Feb. 8, 2024 /CNW/ -  Following a settlement hearing under the Mutual Fund Dealer Rules held on July 12, 2023, in Saskatoon, Saskatchewan, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that Miranda Sirri Che signed the signatures of six clients on eight account forms and submitted the account forms to the Dealer Member for processing.

The hearing panel issued its reasons for decision on January 17, 2024, which are available at:

Re Che 2024 CIRO 08

In its reasons for decision, the hearing panel confirmed the sanctions imposed on Miranda Che. In particular:

1. 1. 1. prohibition from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO as a mutual fund dealer for a period of three months; and
      2. a fine of $14,000

Miranda Che is also required to pay costs in the amount of $5,000.

During the period described in the Settlement Agreement, Miranda Che carried on business in the Saskatoon, Saskatchewan 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)