MONTRÉAL, Nov. 20, 2024 /CNW/ – On November 5, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing pursuant to the Investment Dealer and Partially Consolidated Rules and accepted a settlement agreement, with sanctions, between CIRO Enforcement Staff and John Viron.
John Viron admitted that he had facilitated the participation of clients residing in Québec in transactions for which they were not eligible.
Pursuant to the settlement agreement, John Viron agreed to pay a fine of $20,000 and disgorgement of $3,368.91.
John Viron will also pay costs of $5,000.
The Settlement Agreement is available at:
Viron, John – Settlement Agreement
The hearing panel’s decision will be made available at www.ciro.ca.
At all material times, John Viron conducted business at Valeurs mobilières Desjardins inc. in the Montréal, Québec area. John Viron continues to be employed in the industry in a registered capacity, currently with Valeurs mobilières Desjardins inc.
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)
