CIRO to Hold a Disciplinary Hearing for Teymur Englesby and Cale Nishimura

VANCOUVER, BC, Oct. 24, 2023 /CNW/ - A hearing has been scheduled before a hearing panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Teymur Englesby and Cale Nishimura.

The hearing is open to the public, unless the panel orders otherwise. The decision of the hearing panel will be made available at www.iiroc.ca. 

Hearing Date:  November 10, 2023 at 10:00 am Pacific Time

Location: Vancouver, British Columbia (via videoconference)

The hearing concerns allegations that Teymur Englesby and Cale Nishimura failed to fulfill their role as gatekeepers to the capital markets, contrary to Investment Dealer and Partially Consolidated Rule 1400.

The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:

Englesby, Teymur ? Notice of Hearing and Statement of Allegations

Nishimura, Cale - Notice of Hearing and Statement of Allegations

The alleged violations occurred while the respondents were Registered Representatives with PI Financial Corp. Teymur Englesby and Cale Nishimura continue to be employed in a registered capacity with PI Financial Corp.

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 sanctionsincluding 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)