On June 18, 2026, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) accepted a settlement agreement with sanctions against RBC Dominion Securities Inc. (RBC DS) for supervisory failures related to futures trading activities.
Settlement Terms
Pursuant to the settlement, RBC DS agreed to pay a fine of $1,500,000, disgorgement of $1,800,000, and costs of $100,000. The firm admitted it failed to establish, maintain, and enforce an adequate system to supervise the futures trading activities of two Registered Representatives.
Regulatory Action
The hearing was held under the Investment Dealer and Partially Consolidated Rules. The settlement agreement is available on CIRO's website. The allegation against Peter Fullerton was withdrawn. RBC DS is a CIRO-regulated firm.
About CIRO
CIRO is the pan-Canadian self-regulatory organization overseeing all investment dealers, mutual fund dealers, and trading activity on Canada's debt and equity marketplaces. It is committed to investor protection, efficient regulation, and building trust in financial regulation.
CIRO investigates possible misconduct by its member firms and individual registrants, and can impose sanctions including fines, suspensions, permanent bars, expulsion, or termination of rights and privileges.
