November 2, 2023(Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (“MFDA”), now Canadian Investment Regulatory Organization (“CIRO”), commenced a disciplinary proceeding in respect of Adib Khaldi (also known as Deebo) (the “Respondent”) by Notice of Hearing dated October 5, 2022 (“Notice of Hearing”).
On September 13, 2023, one public representative of the Nova Scotia District Hearing Committee of CIRO, acting on behalf of a hearing panel of the Nova Scotia District Hearing Committee of CIRO (the “Hearing Panel”) in accordance with section 19.13(b) of MFDA By-law No. 1 (now Mutual Fund Dealer Rule 7.2.4(b)), heard a motion brought by Staff of CIRO and granted leave to amend the Notice of Hearing.
The hearing of this matter on its merits commenced as scheduled before the Hearing Panel electronically by videoconference on September 26 and 27, 2023 with respect to the allegations of misconduct set out in the Amended Notice of Hearing.
The hearing of this matter on its merits shall resume electronically by videoconference on December 8, 2023, commencing at 10:00 a.m. (Atlantic), or as soon thereafter as the matter can be heard.
The proceedings will be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to participate should contact [email protected] to obtain particulars.
A copy of the Amended Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent conducted business in the Dartmouth, Nova Scotia 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.