CIRO Hearing Panel issues Reasons for Decision in the matter of Charles Leigh Hogg

TORONTO, Dec. 8, 2023 /CNW/ - Following a settlement hearing held on May 16, 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 March 9, 2023 between CIRO's Enforcement Staff and Charles Hogg.

The hearing panel's reasons decision, dated November 29, 2023 are available at:

Re Hogg, Charles 2023 CIRO 31

In its reasons for decision, the hearing panel confirmed the sanctions imposed on Charles Hogg:

a)  a prohibition from conducting securities related business while in the employ of or associated with any Dealer Member that is registered as a mutual fund dealer for a period of nine (9) months commencing May 16, 2023;

b)  a fine of $27,500;

c)  completion of the Ethics and Professional Conduct Course offered by the IFSE Institute, or an ethics course acceptable to Staff of the Corporation, prior to becoming re-registered as a dealing representative with a Dealer Member registered as a mutual fund dealer; and

Charles Hogg also agreed to pay costs in the amount of $5,000.

During the period described in the Settlement Agreement, the Respondent carried on business in the Kitchener, 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 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)