CIRO sets date for continuation of penalty hearing in the matter of Alvinder Singh Gill

October 19, 2023 (Toronto, Ontario) – The Mutual Fund Dealers Association, now the Canadian Investment Regulatory Organization (“CIRO”) commenced disciplinary proceedings in respect of Alvinder Singh Gill (the “Respondent”) by Notice of Hearing dated November 11, 2022 (the “Notice of Hearing”).

The hearing of this matter on its merits commenced on September 21-22, 2023 electronically by videoconference before a three-member hearing panel of CIRO’s Pacific District Hearing Committee (the “Hearing Panel”). The Hearing Panel found that the allegations set out in the Notice of Hearing had been established.

A penalty hearing took place electronically by videoconference before the Hearing Panel on September 29, 2023 and was adjourned by the Hearing Panel to November 3, 2023 at 11:00 a.m. (Pacific Time). The proceeding will continue to be open to the public, except as may be required for the protection of confidential matters. Members of the public who would like to participate should contact [email protected] to obtain particulars.

A copy of the Notice of Hearing is available on the MFDA website at www.mfda.ca. During the period described in the Notice of Hearing, the Respondent conducted business in the Abbotsford, British Columbia area.

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.

-30-