Hearing Notice - IN THE MATTER OF Kamal Lidder - Reasons for Decision

VANCOUVER, BC, Aug. 15, 2023 /CNW/ - Following a settlement hearing held on August 12, 2021 in Vancouver, British Columbia, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), the predecessor of the Canadian Investment Regulatory Organization (CIRO), issued Reasons for Decision for acceptance of a settlement between Enforcement Staff and the Respondent, Kamal Lidder.

The hearing panel's Reasons for Decision, dated September 20,2021, are available at:

Re Lidder 2023 CIRO 03

In their Reasons for Decision, the hearing panel confirmed the sanctions imposed on the Respondent. In particular, Mr. Lidder agreed to pay a fine in the amount of $15,000 and costs in the amount of $2,500.

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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 sanctionss 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)