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CIRO Hearing Panel issues Reasons for Decision in the matter of Henry Griffioen
25-0130
Type:
Decision Notice
Rulebook connection
MFDR
Contact
Toronto (Ontario), April 29, 2025 – Following a settlement hearing held on March 17, 2025, pursuant to the Mutual Fund Dealer Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on April 15, 2025.
The hearing panel’s reasons for decision are available at:
In their reasons for decision, the hearing panel found that Henry Griffioen engaged in securities related business that was not carried on for the account or through the facilities of the Dealer Member by facilitating the sale of promissory notes to clients and another individual and creating false notes on an account form and in the Dealer Member’s system.
The Hearing Panel confirmed the fine of $75,000 and a permanent prohibition from conducting securities related business in any capacity while in the employ of or associated with any CIRO Dealer Member imposed on Henry Griffioen pursuant to the settlement agreement.
Henry Griffioen will also pay costs of $5,000.
The violations took place when Henry Griffioen was registered in London, Ontario, as a dealing representative with Quadrus Investments Services Ltd. Henry Griffioen is not currently registered in the securities industry in any capacity.
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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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25-0130
Type:
Decision Notice
Rulebook connection
MFDR
Contact
Other Notices associated with this Enforcement Proceeding:
Welcome to CIRO.ca!
You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.
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We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.