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Toronto (Ontario), March 22, 2024 – Following a settlement hearing held under the Mutual Fund Dealer Rules on February 12, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that Sherry Susan Hanson altered and used to process transactions, 52 account forms in respect of 33 clients, by altering information on the account forms without having the clients initial the alterations.
The hearing panel’s reasons for decision dated March 15, 2024 are available at:
In its reasons for decision, the hearing panel confirmed the fine of $26,000 and costs in the amount of $2,500 imposed on Sherry Hanson.
At all material times, Sherry Hanson conducted business in the Ottawa, Ontario area. Sherry Hanson is still within the industry in a registered capacity with Desjardins Financial Security Investments Inc.
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.
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