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CIRO Hearing Panel issues Reasons for Decision in the matter of Michael Henry Wolfond
25-0141
Type:
Decision Notice
Rulebook connection
MFDR
Contact
Regina (Saskatchewan), May 13, 2025 – Following a settlement hearing held on April 15, 2025 pursuant to the Mutual Fund Dealer Rules, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) issued its reasons for decision on May 2, 2025.
The hearing panel’s reasons for decision are available at:
In their reasons for decision, the hearing panel found that Michael Wolfond failed in his obligations regarding the proper execution of client account documents, resulting in the collection, possession and use of pre-signed and altered client account forms and confirmed a fine of $20,000 and costs of $3,000 imposed as part of the settlement.
At all material times, Michael Wolfond conducted business in the Regina, Saskatchewan and Calgary Albertaareas. Michael Wolfond is currently registered in British Columbia, Calgary, Alberta, Saskatchewan, Manitoba, Ontario, Northwest Territories and Quebec with Designed Securities Ltd.
| Media Inquiries | All other Inquiries |
|---|---|
| Ariel Visconti Senior Corporate Communications and Public Affairs Specialist [email protected] 416-945-5148 | Complaints & Inquiries Secure form Email to [email protected] Toll-free (Canada/US): 1-877-442-4322 |
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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25-0141
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.
The following sections of the legacy mfda.ca and iiroc.ca sites have been migrated to ciro.ca:
- Enforcement
- Hearings
- Consultations
- A unified member directory (Dealers We Regulate)
- Advisor Report
We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.