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 Franco Caligiuri – Adjournment
24-0303
Type:
Hearing Notice
Rulebook connection
MFDR
Contact
Vancouver (British Columbia), October 22, 2024 – A hearing was initially scheduled under the Mutual Fund Dealer Rules before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) in the matter of Franco Caligiuri to be held on December 9-11, 2024. The hearing has been adjourned to March 3-5, 2025.
The hearing is open to the public, unlessthe hearing panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.
New Hearing Dates: March 3-5, 2025 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 Franco Caligiuri referred clients to an individual or company that offered for sale exempt securities, and received referral fees for doing so, thereby participating in a referral arrangement to which the Dealer Member was not a party; and made a false or misleading statement to the Dealer Member during the course of a sub-branch review.
The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:
Caligiuri, Franco – Notice of Hearing and Statement of Allegations
At all material times, Franco Caligiuri conducted business at Quadrus Investment Services Ltd. in the Burnaby, British Columbia area. Franco Caligiuri is currently employed by and registered 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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24-0303
Type:
Hearing Notice
Rulebook connection
MFDR