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Joanna Nicholson
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CIRO Hearing Panel sets date for continuation of the Hearing on the Merits in the matter of Adib Khaldi (also known as “Deebo”)

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[1] is available on the MFDA website at 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


[1] On June 30, 2021, MFDA Rule 2.1.4 was amended to conform with client focused reform amendments to National Instrument 31-103 that came into effect on the same day.  As the conduct addressed in this Notice of Hearing pre-dated the amendment to this Rule, all allegations set out in this Notice of Hearing that make reference to that Rule concern the version of the Rule that was in effect between February 27, 2006 and June 30, 2021.

DM 907893