CIRO Requests Review of Teymur Englesby and Cale Nishimura in Vancouver

On August 12, 2024, the Enforcement Staff of the Canadian Investment Regulatory Organization (CIRO) submitted a Request for Review to the British Columbia Securities Commission. This request pertains to a decision made by a CIRO hearing panel regarding Teymur Englesby and Cale Nishimura, which was issued on July 22, 2024. The details of the hearing panel's decision can be accessed through CIRO's official documentation. The alleged violations by Englesby and Nishimura occurred during their tenure as Registered Representatives at PI Financial Corp., which has since rebranded to Ventum Financial Corp. Both individuals are still employed in a registered capacity with the firm, indicating that they continue to operate within the financial services industry despite the ongoing review. CIRO serves as the national self-regulatory organization overseeing investment dealers, mutual fund dealers, and trading activities across Canada. Its mission includes protecting investors and ensuring consistent regulation within the financial sector. The organization is committed to maintaining public trust in financial regulation and the professionals managing investments. The outcome of the review could have significant implications for Englesby and Nishimura, as CIRO has the authority to impose various sanctions for misconduct, including fines, suspensions, or even expulsion from membership. The review process will provide further clarity on the allegations and the appropriate regulatory response to the situation.