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CIRO to Hold a Disciplinary Hearing for John David Lunam
24-0172
Type:
Hearing Notice
Rulebook connection
IDPC Rules
Contact
Vancouver (British Columbia), May 15, 2024 –A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Investment Dealer and Partially Consolidated Rules in the matter of John David Lunam.
The hearing is open to the public unless the hearing panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.
Hearing Date: June 19, 2024 at 10:00 am (Pacific Time)
Location: Vancouver, British Columbia (by videoconference)
Members of the public who would like to obtain further particulars should fill out this questionnaire.
The hearing concerns allegations that John David Lunam:
- facilitated off-book investments, without the knowledge or consent of his firm,
- failed to fulfill his gatekeeper responsibilities as he did not inform his firm that the beneficial owner of a corporate client account had been charged with securities law violations, and
- used his personal email address for securities-related activities.
The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:
Lunam, John David – Notice of Hearing and Statement of Allegations
At all material times,John David Lunam conducted business in the Vancouver, British Columbia area and was as a Registered Representative with Assante Capital Management Ltd. until approximately June 2022. He is not currently employed by a CIRO-regulated firm in any capacity.
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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24-0172
Type:
Hearing Notice
Rulebook connection
IDPC Rules