CIRO to Hear Disciplinary Case for Henry Griffioen in Toronto
- An interim appearance and hearing for Henry Griffioen are scheduled for January 21 and March 17-25, 2025, respectively.
- The allegations against Griffioen include unauthorized securities activities, unapproved outside work, undisclosed conflicts of interest, and falsifying account notes.
- The hearing's outcome may result in significant sanctions, highlighting CIRO's commitment to investor protection and regulatory integrity.
On September 11, 2024, the Canadian Investment Regulatory Organization (CIRO) announced an interim appearance and hearing dates for Henry Griffioen, a former dealing representative registered with Quadrus Investments Services Ltd. in London, Ontario. The hearing will address serious allegations against Griffioen, including unauthorized securities-related business, unapproved outside activities, failure to disclose conflicts of interest, and the creation of false or misleading account notes. The interim appearance is scheduled for January 21, 2025, followed by the main hearing from March 17 to March 25, 2025, all conducted via videoconference in Toronto. The allegations suggest a significant breach of regulatory compliance, raising concerns about investor protection and the integrity of the financial services industry. CIRO, as the national self-regulatory organization, is tasked with overseeing investment dealers and mutual fund dealers, ensuring adherence to established rules and regulations. The organization emphasizes its commitment to maintaining trust in financial regulation and safeguarding investors. Griffioen is currently not registered in any capacity within the securities industry, which may impact the proceedings and the potential consequences he faces. The hearing is open to the public unless otherwise ordered by the panel, allowing for transparency in the disciplinary process. The outcome of this hearing could lead to various sanctions, including fines, suspensions, or even expulsion from membership, depending on the findings of the hearing panel. The decision will be made available on CIRO's website, reflecting the organization's dedication to accountability and regulatory enforcement.