SASKATOON, SK, June 21,
2024 /CNW/ - A sanctions hearing has been scheduled
before a hearing panel of the Canadian Investment Regulatory
Organization (CIRO) under the Mutual Fund Dealer Rules in the
matter of Ryan Manalang.
The hearing panel will consider the sanctions to be imposed as a
result of its decision dated May 28,
2024, in which Ryan Manalang was found to have:
a) photocopied the
signature pages from two account forms previously signed by a
client and reused the signature pages on two account forms and
submitted the forms to the Dealer Member for processing; and
b) obtained,
possessed, and in some instances used to process transactions, 29
pre-signed account forms in respect of nine clients.
The hearing panel's liability decision is available at:
Re Manalang 2024 CIRO 53
The sanctions hearing 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.
Hearing Date: October
8, 2024, at 10:00 a.m. (Central
Time)
Location: Saskatoon,
Saskatchewan via videoconference
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
During the period described in the Notice of Hearing,
Ryan Manalang conducted business in
the Saskatoon, Saskatchewan
area.
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)