The Canadian Investment Regulatory Organization (CIRO) has scheduled a settlement hearing for June 29, 2026, to address allegations that George Alexander Abisaleh misappropriated client funds. The hearing, set for 10:00 a.m. Eastern Time via videoconference in Toronto, will consider a settlement agreement between CIRO Enforcement Staff and Abisaleh.
Allegations of Client Fund Misappropriation
The hearing concerns allegations that Abisaleh misappropriated or otherwise obtained monies from clients, some or all of which he did not repay or account for, according to CIRO's notice. The alleged violations occurred while Abisaleh was registered as a dealing representative with TD Investment Services Inc. in the Greater Toronto area. He is not currently registered in the securities industry in any capacity.
Public Access and Outcome
The hearing will become open to the public if the panel accepts the settlement agreement. If accepted, the panel’s decision and the settlement agreement will be made available at www.ciro.ca. Members of the public seeking further particulars can fill out a form on CIRO's website.
CIRO's Role and Disciplinary Process
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 bring disciplinary proceedings resulting in sanctions such as fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges.
Background information on advisors employed by CIRO-regulated firms, including disciplinary history, is available free through the AdvisorReport service. Complaints can be made by calling 1-877-442-4322.
