The Canadian Investment Regulatory Organization (CIRO) has announced that a disciplinary hearing scheduled for July 14-15, 2026, has been converted into a settlement hearing to consider a settlement agreement between CIRO Enforcement Staff and Tiffany Lee Felker. The hearing will address allegations that Felker processed transactions and updated Know Your Client information without a client’s knowledge or authorization, and failed to cooperate with Staff’s investigation.
Settlement Hearing Details
The settlement hearing is set for July 14, 2026, at 9:00 a.m. Mountain Time, and will be held by videoconference in Calgary, Alberta. If the hearing panel accepts the settlement agreement, the hearing will become open to the public, and the panel’s decision and the settlement agreement will be published on CIRO’s website at www.ciro.ca.
The alleged violations occurred while Tiffany Felker was a Registered Dealing Representative with BMO Investments Inc. in the Edmonton, Alberta area. Felker is not currently registered in the securities industry in any capacity, according to CIRO.
CIRO’s Role and Disciplinary Process
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 is committed to investor protection, efficient regulation, and building public trust. CIRO investigates potential 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.
Members of the public seeking further particulars can fill out a form on CIRO’s website. The Notice of Settlement Hearing is available online, and background information on advisors’ qualifications and disciplinary history is accessible free of charge through the AdvisorReport service. Complaints can be made by calling 1-877-442-4322.
CIRO’s disciplinary proceedings cover 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).
