August 1, 2023 (Toronto, Ontario) – A Hearing Panel of the Canadian Investment Regulatory Organization (“CIRO”), has issued its Reasons for Decision dated June 29, 2023 (“Reasons for Decision”), in connection with a settlement hearing held electronically by videoconference in Winnipeg, Manitoba on September 10, 2021 in the matter of James Edgar Mitchell Wilson (the “Respondent”).
In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:
- has paid a fine in the amount of $30,000;
- has paid costs in the amount of $2,500;
- shall successfully complete the Ethics and Professional Conduct Course offered by the IFSE Institute, or an industry course acceptable to Staff of the MFDA, within 3 months of the acceptance of the Settlement Agreement; and
- shall in the future comply with Mutual Fund Dealer Rule 2.1.1.
During the period described in the Notice of Hearing, the Respondent conducted business in the Winnipeg, Manitoba area.
Canadian Investment Regulatory Organization 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 carrying on the regulatory functions of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada, and 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.