Alert:
A nationwide postal strike or lockout began on November 15, 2024. Dealer Members must take steps to ensure that document delivery requirements prescribed under CIRO Rules continue to be met.
Creation Wealth Capital Inc.
By no later than October 1, 2024, Creation Wealth Capital Inc. ("CWC" or the "Member") will sufficiently demonstrate to CIRO staff that it satisfies CIRO's membership criteria so that it may recommence securities-related activities. This includes, but is not limited to the following:
- CWC will inject sufficient capital to bring its Risk Adjusted Capital ("RAC") to an acceptable level, as determined by CIRO staff. At a minimum, the capital injection must remedy: (a) any projected or actual negative RAC situations; and (b) any projected or actual Early Warning test violations.
- CWC will demonstrate to CIRO staff, substantial compliance and willingness to comply with the requirements of CIRO's By laws and Rules and that approval of the application is in the public interest, so that CIRO staff are able to recommend approval of the application to CIRO'S Board of Directors.
Determination of whether CWC has provided sufficient evidence that it satisfies CIRO's membership criteria is at the sole discretion of CIRO staff.
In the event that CWC does not satisfy CIRO's membership criteria by October 1, 2024, CIRO may proceed to terminate CWC's membership.