02/02/2024 | Press release | Distributed by Public on 02/02/2024 16:00
Toronto (Ontario) February 2, 2024 - Following a settlement hearing held on August 3, 2023, in Toronto, Ontario, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules accepted the settlement agreement dated July 26, 2023 between CIRO's Enforcement Staff and Ramanbhai Patel.
The hearing panel's reasons for decision, dated January 10, 2024 are available at:
Re Patel, Ramanbhai 2024 CIRO 06
In its reasons for decision, the Hearing Panel confirmed the sanctions imposed on Ramanbhai Patel:
During the period described in the Notice of Hearing, the Respondent conducted business in the Woodbridge, Ontario area.