EDMONTON, AB, July 11,
2024 /CNW/ - On July 3,
2024, a panel of the Canadian Investment Regulatory
Organization (CIRO) held a hearing pursuant to the Mutual Fund
Dealer Rules and accepted a settlement agreement, with sanctions,
between Enforcement Staff and Stephanie
Bradshaw.
Stephanie Bradshaw admitted that
to meet sales targets or to qualify for a bonus based on Dealer
Member sales incentives, she set-up and cancelled pre-authorized
contributions in the accounts of clients without their knowledge or
authorization; and cancelled, rather than amended, pre-authorized
contributions in the account of a client and set-up new
pre-authorized contributions.
Pursuant to the settlement agreement, Stephanie Bradshaw agreed to a prohibition from
conducting securities related business in any capacity while in the
employ of or associated with a CIRO Dealer Member for a period of
12 months and a fine of $10,000.
Stephanie Bradshaw also agreed to
pay costs in the amount of $5,000.
The Settlement Agreement is available at:
Bradshaw, Stephanie – Settlement Agreement
The hearing panel's decision will be made available at
www.ciro.ca.
At all material times, Stephanie
Bradshaw conducted business in the Edmonton, Alberta area. Stephanie Bradshaw is not currently registered
in the securities industry in any capacity.
* * *
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)