The Canadian Investment Regulatory Organization (CIRO) has announced an initial disciplinary hearing for Osama Navaid, scheduled to take place on June 29, 2026, at 10:00 a.m. Eastern Time. The hearing will be conducted via videoconference from Toronto, Ontario.
Allegations Against Osama Navaid
The hearing concerns allegations that Osama Navaid misappropriated or otherwise failed to account for client monies while he was a Registered Representative with Scotia Securities Inc. in the Burlington, Ontario area. Navaid is currently not registered in the securities industry in any capacity.
Public Access and Further Details
The initial appearance is open to the public, unless the hearing panel orders otherwise. Members of the public who wish to observe or obtain further particulars are encouraged to fill out a form available on the CIRO website. The Notice of Hearing and Statement of Allegations detailing the allegations are also accessible online.
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 and consistent regulation, and building trust in financial regulation and investment management.
Disciplinary Process
CIRO investigates potential misconduct by its member firms and individual registrants. It can initiate disciplinary proceedings that may result in sanctions such as fines, suspensions, permanent bans, expulsion from membership, or termination of rights and privileges for individuals and firms. All information about disciplinary proceedings is available on CIRO's website.
Background information on the qualifications and disciplinary history of advisors employed by CIRO-regulated firms can be accessed free of charge through the AdvisorReport service. Complaints or inquiries can be made by calling 1-877-442-4322 or via a secure form on the CIRO website.
