TORONTO, April 19,
2024 /CNW/ - A motion has been scheduled before a
hearing panel of the Canadian Investment Regulatory Organization
(CIRO) under the Mutual Fund Dealer Rules in the matter of
Clive Wilkins.
The motion is open to the public, unless the hearing panel
orders otherwise. The decision of the hearing panel will be made
available at www.ciro.ca.
Motion
Date:
May 2, 2024 at 10 :00 am
(Eastern Time)
Location:
Toronto, Ontario by
videoconference
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
The motion relates to a disciplinary proceeding initiated
against Clive Wilkins. The
allegations are that Clive
Wilkins:
a) borrowed monies from clients, which
gave rise to conflicts or potential conflicts of interest that the
Respondent failed to disclose to the Member or otherwise ensure
were addressed by the exercise of responsible business judgment
influenced only by the best interests of the clients, and
b) made false or misleading statements to
the Member and the MFDA during the course of investigations into
his conduct.
The Notice of Hearing and Statement of Allegations which sets
out the allegations is available at:
Wilkins, Clive – Notice of Hearing and Statement of
Allegations
During the period described in the Notice of Hearing,
Clive Wilkins conducted business in
the St. Catharines, 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
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)