CIRO Sanctions Sherry Susan Hanson

24-0091
Type:
Decision Notice
Rulebook connection
MFDA Rules

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Toronto (Ontario), February 28, 2024 – On February 12, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules accepted a settlement agreement, with sanctions, between Enforcement Staff and Sherry Susan Hanson.

Sherry Susan Hanson admitted that she altered and used 52 account forms in respect of 33 clients to process transactions by altering information on the account forms without having the client initial the alterations.

Pursuant to the settlement agreement, Sherry Susan Hanson agreed to a fine of $26,000 and costs in the amount of $2,500.

The Settlement Agreement is available at:

Hanson, Sherry – Settlement Agreement

The hearing panel’s decision will be made available at www.ciro.ca.

At all material times, Sherry Susan Hanson conducted business in the Ottawa, Ontario area. Sherry Susan Hanson is still within the industry in a registered capacity with Desjardins Financial Security Investment 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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24-0091
Type:
Decision Notice
Rulebook connection
MFDA Rules

Contact