VANCOUVER, BC, May 15, 2024
/CNW/ - A hearing has been scheduled before a hearing panel of
the Canadian Investment Regulatory Organization (CIRO)
pursuant to the Investment Dealer and Partially Consolidated
Rules in the matter of John David
Lunam.
The 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: June 19, 2024 at 10:00 am (Pacific Time)
Location: Vancouver, British Columbia (by videoconference)
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
The hearing concerns allegations that John David Lunam:
a) facilitated off-book
investments, without the knowledge or consent of his firm,
b) failed to fulfill his
gatekeeper responsibilities as he did not inform his firm that the
beneficial owner of a corporate client account had been charged
with securities law violations, and
c) used his personal email
address for securities-related activities.
The Notice of Hearing and Statement of Allegations, which set
out the allegations, are available at:
Lunam, John David – Notice of
Hearing and Statement of Allegations
At all material times, John David Lunam conducted business
in the Vancouver, British Columbia
area and was as a Registered Representative with Assante Capital
Management Ltd. until approximately June
2022. He is not currently employed by a CIRO-regulated firm
in any capacity.
* * *
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)