Decision Notice - CIRO Sanctions David Alan Robertson

VANCOUVER, BC, June 11, 2025 /CNW/ - On May 30, 2025, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing pursuant to the Mutual Fund Dealer Rules and accepted a settlement agreement, with sanctions, between Enforcement Staff and David Alan Robertson.

David Robertson admitted to borrowing monies from a client which gave rise to a conflict or potential conflict of interest which he failed to disclose to the Dealer Member or otherwise ensure was addressed by the exercise of responsible business judgment influenced only by the best interests of the client.

Pursuant to the settlement agreement, David Robertson agreed to a fine of $10,000 and a prohibition from conducting securities related business in any capacity while in the employ of or associated with any Dealer Member of CIRO registered as a mutual fund dealer for a period of 12 months.

David Robertson will also pay costs of $2,500.

The Settlement Agreement is available at:                                                                            

Robertson, David – Settlement Agreement

The hearing panel's decision will be made available at www.ciro.ca.

At all material times, David Robertson was registered as a dealing representative with Sun Life Financial Investment Services in the Burnaby, British Columbia area. David Robertson is not currently registered in the securities industry in any capacity.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

All other Inquiries: Complaints & Inquiries
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SOURCE Canadian Investment Regulatory Organization (CIRO)