The Canadian Investment Regulatory Organization (CIRO) has announced that an initial appearance scheduled for June 24, 2026, before a hearing panel under the Mutual Fund Dealer Rules concerning Christina (Lorna) Cole has been converted into a one-day sanctions hearing. This change comes after CIRO Enforcement Staff and Christina Cole reached an Agreed Statement of Facts.
Allegations of Misappropriation
The hearing addresses allegations that Christina Cole misappropriated or failed to account for monies obtained from client investment or bank accounts. The alleged violations occurred while Cole was a Registered Representative with BMO Investments Inc. in the Squamish, British Columbia area. She is not currently registered in the securities industry in any capacity.
Hearing Details
The sanctions hearing is scheduled for June 24, 2026, at 10:00 a.m. Pacific Time. It will be held by videoconference in Vancouver, British Columbia. The hearing is open to the public unless the panel orders otherwise. The panel's decision will be made available on CIRO's website at www.ciro.ca.
Public Access and Further Information
Members of the public seeking further particulars can fill out a form provided by CIRO. The Notice of Hearing and Statement of Allegations, detailing the allegations, are also available online. CIRO is the pan-Canadian self-regulatory organization overseeing investment dealers, mutual fund dealers, and trading activity on Canada's debt and equity marketplaces. It aims to protect investors, provide efficient regulation, and build trust in financial regulation.
Disciplinary Proceedings and Background
All information about disciplinary proceedings against current and former member firms and individual registrants is available on CIRO's website. Background on advisors' qualifications and disciplinary history can be accessed through the AdvisorReport service. Complaints about dealers, advisors, or marketplaces can be made by calling 1-877-442-4322.
CIRO investigates possible misconduct by member firms and individual registrants and can bring disciplinary proceedings resulting in sanctions such as fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges.
