CALGARY,
AB, July 11, 2024 /CNW/ - CIRO commenced
a disciplinary proceeding in respect of Kimberly Myles Larson by Notice of Hearing dated
July 28, 2023.
CIRO Staff was notified that, on Thursday, June 27, 2024, Kimberly Larson passed away. Accordingly, Staff
has withdrawn its Notice of Hearing against Kimberly Larson, as a consequence of which
the CIRO proceeding against him is concluded.
The hearing concerned allegations that Kimberly Larson:
a. engaged in securities related business
that was not carried on for the account of the Dealer Member or
conducted through its facilities by recommending, selling, or
facilitating the sale of limited partnership units and promissory
notes to clients and other individuals; and
b. made referrals in respect of limited
partnership units and promissory notes and received compensation
for doing so, thereby participating in a referral arrangement to
which the Dealer Member was not a party and which did not otherwise
comply with the Dealer Member's policies and procedures; and
c. engaged in an unapproved outside
business activity in relation to limited partnership units and
promissory notes.
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)