The Canadian Investment Regulatory Organization (CIRO) has announced a sanctions hearing for Ronald Aleri Scott, scheduled before a hearing panel under the Mutual Fund Dealer Rules. The hearing will take place on October 7, 2026, at 10:00 a.m. Mountain Time in Calgary, Alberta, via videoconference.
Background of the Case
The hearing panel will determine the sanctions to be imposed following a liability decision dated May 20, 2026. That decision found that Ronald Scott borrowed money from clients, creating material conflicts of interest. He failed to identify these conflicts, report them to the Dealer Member, or address them in the best interests of his clients.
Details of the Violations
The violations occurred while Ronald Scott was a Registered Representative with IPC Investment Corporation and Hub Capital Inc. in the Calgary area. He is not currently registered with any CIRO-regulated firm.
Public Access to the Hearing
The sanctions hearing is open to the public unless the hearing panel orders otherwise. The panel's decision will be made available on CIRO's website at www.ciro.ca. Members of the public who wish to observe or obtain further particulars should fill out a form provided by CIRO.
About CIRO
The Canadian Investment Regulatory Organization (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. CIRO is dedicated to investor protection, efficient regulation, and building trust in financial regulation and those managing investments. More information is available at www.ciro.ca.
Disciplinary Proceedings
All information about disciplinary proceedings related to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules, Mutual Fund Dealer Rules, and Universal Market Integrity Rules (UMIR) is available on CIRO's website.
Background information on advisors' qualifications and disciplinary history is free through the AdvisorReport service. Complaints about dealers, advisors, or marketplaces can be made by calling 1-877-442-4322.
CIRO investigates possible misconduct by its member firms and individual registrants. Disciplinary proceedings may result in sanctions such as fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges.
