Subject: LAW
Decision Notice - CIRO Hearing Panel issues Reasons for Decision in the matter of Jordan Michael Snitzler
REGINA, SK, Feb. 6, 2025 /CNW/ - Following a settlement hearing pursuant to the Mutual Fund Dealer Rules held on December 30, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that Jordan Michael Snitzler:
- obtained, possessed and used to process transactions, three pre-signed account forms in respect of three clients, and
- altered and used to process transactions, 30 account forms in respect of 26 clients, by altering information on the account forms without having the clients initial the alterations to show that the alterations were authorized.
The hearing panel's reasons for decision issued on January 29, 2025 are available at:
In their reasons for decision, the hearing panel confirmed a fine of $18,000 and costs of $2,500 imposed on Jordan Snitzler as part of the settlement.
At all material times, Jordan Snitzler conducted business in the Regina, Saskatchewan area. Jordan Snitzler is currently registered in Saskatchewan, Alberta, British Columbia, and Ontario as a dealing representative with Designed Securities Ltd., a Dealer Member of CIRO.
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.
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.
SOURCE Canadian Investment Regulatory Organization (CIRO)
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