November 6, 2023 (Toronto, Ontario) – A Hearing Panel of the Canadian Investment Regulatory Organization (“CIRO”), has issued its Reasons for Decision dated March 20, 2023 (“Reasons for Decision”), in connection with a settlement hearing held electronically by videoconference in Toronto, Ontario on February 23, 2023, in the matter of Ryan Todd Small (the “Respondent”).
In its Reasons for Decision, the Hearing Panel confirmed the sanctions imposed on the Respondent. In particular, the Respondent:
- shall be prohibited from conducting securities related business while in the employ of or associated with a Dealer Member registered as a mutual fund dealer (formerly Members of the MFDA) for a period of 5 years commencing February 23, 2023;
- shall pay a fine in the amount of $20,000; and
- shall pay costs in the amount of $5,000.
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.