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CIRO to Hold a Settlement Hearing for Scotia Securities Inc.
26-0159
Type:
Hearing Notice
Rulebook connection
MFDR
Contact
Toronto (Ontario) July 17, 2026 – A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules to consider a settlement agreement between CIRO Enforcement Staff and Scotia Securities Inc. (Scotia Securities).
The settlement agreement addresses allegations that Scotia Securities:
- failed to implement adequate policies, procedures, and internal supervisory controls to ensure it complied with its reporting and complaint handling obligations, and
- failed to implement adequate policies, procedures, and internal supervisory controls to ensure it complied with its complaint handling and supervisory investigations obligations.
The hearing will become open to the public if the panel accepts the settlement agreement. If the settlement agreement is accepted, the panel’s decision and the settlement agreement will be made available at www.ciro.ca.
Settlement Hearing Date: August 6, 2026 at 10:00 a.m. (Eastern Time)
Location: Toronto, Ontario (by videoconference)
Members of the public who would like to obtain further particulars should fill out this form.
The Notice of Settlement Hearing announcing the settlement hearing is available at:
Scotia Securities - Notice of Settlement Hearing
Scotia Securities is a CIRO-registered firm.
| Media Inquiries | All other Inquiries |
|---|---|
| Ariel Visconti Senior Corporate Communications and Public Affairs Specialist [email protected] 416-526-8240 | Complaints & Inquiries Secure form Toll-free (Canada/US): 1-877-442-4322 |
The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian 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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26-0159
Type:
Hearing Notice
Rulebook connection
MFDR
Contact
Other Notices associated with this Enforcement Proceeding:
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