Alert:
A nationwide postal strike or lockout may occur as early as November 3, 2024. Dealer Members must take steps to ensure that document delivery requirements prescribed under CIRO Rules continue to be met.
IN THE MATTER OF Darren Carrigan – Motion Decision
24-0276
Type:
Decision Notice
Rulebook connection
IDPC Rules
Contact
Toronto (Ontario), October 2, 2024 – Following a motion brought by Darren Carrigan to stay CIRO’s investigation and future disciplinary proceedings against him under the Investment Dealer and Partially Consolidated Rules, which was heard on August 22, 2024, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) dismissed the motion and issued their reasons for decision.
The hearing panel’s decision on the motion dated September 16, 2024, is available at:
Darren Carrigan was a Registered Representative with Dominick Capital Corporation from 2016 to 2019 and Gravitas Securities Inc. from 2019 to 2023. He is not currently employed 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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24-0276
Type:
Decision Notice
Rulebook connection
IDPC Rules