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CIRO Hearing Panel Finds James O’Reilly Liable
24-0311
Type:
Hearing Notice
Rulebook connection
IDPC Rules
Contact
Toronto (Ontario), October 30, 2024 – After considering an Agreed Statement of Facts and hearing submissions from the parties on October 21, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) found that James O’Reilly breached the Investment Dealer and Partially Consolidated Rules by engaging in personal financial dealings with clients.
The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:
O’Reilly, James – Notice of Hearing and Statement of Allegations
A separate hearing will be held to determine the sanctions to be imposed on James O’Reilly.
Sanctions Hearing Date: January 20, 2025 at 10:00 am (Eastern Time)
Location: Toronto, Ontario (via videoconference)
The violations occurred while James O’Reilly was a Registered Representative with Assante Capital Management Inc. James O’Reilly is no longer a registrant with a CIRO-regulated firm.
The 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.
All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website.
Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.
CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
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24-0311
Type:
Hearing Notice
Rulebook connection
IDPC Rules