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CIRO to Hold an Interim Appearance in the Matter of Sandly Alteon
24-0312
Type:
Hearing Notice
Rulebook connection
MFDA Rules
Contact
Toronto (Ontario), October 31, 2024 – An interim appearance has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules to address procedural matters in the matter of Sandly Alteon.
The interim appearance is open to the public unless the hearing panel orders otherwise.
Interim Appearance Date: November 4, 2024 at 10:00 am (Eastern Time)
Location: Toronto, Ontario (by videoconference)
Members of the public who would like to obtain further particulars should fill out this questionnaire.
The interim appearance relates to a disciplinary proceeding initiated against Sandly Alteon, which alleges that she:
- engaged in personal financial dealings with a client, giving rise to a conflict or potential conflict of interest that she failed to disclose to the Dealer Member or otherwise address by the exercise of responsible business judgment influenced only by the best interests of the client;
- engaged in outside activities that were not disclosed to or approved by the Dealer Member; and
- failed to cooperate with an investigation into her conduct by Staff of CIRO.
The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:
Alteon, Sandly – Notice of Hearing and Statement of Allegations
At all material times, Sandly Alteon conducted business in the Laval, Quebec area. Sandly Alteon is not currently registered in the securities industry 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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24-0312
Type:
Hearing Notice
Rulebook connection
MFDA Rules