CIRO hearing panel reserves judgment on penalty in the matter of Susan Armitstead

24-0179
Type:
Decision Notice
Rulebook connection
MFDR

Contact

Calgary (Alberta), May 23, 2024 – A penalty hearing in the matter of Susan Armitstead was held before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) on April 29, 2024. After receiving an Agreed Statement of Facts and hearing submissions from the Parties concerning sanctions, the Hearing Panel reserved judgment and advised that they will issue their decision and written reasons in due course.

The decision of the hearing panel will be made available at www.ciro.ca.

The Notice of Hearing and Statement of Allegations are available at:

Armitstead, Susan – Notice of Hearing and Statement of Allegations

During the period described in the Notice of Hearing, the Respondent conducted business in the Onoway, Alberta area.

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.

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24-0179
Type:
Decision Notice
Rulebook connection
MFDR

Contact