MONTREAL, July 18,
2024 /CNW/ - An initial appearance scheduled for
July 24, 2024 before a hearing panel
of the Canadian Investment Regulatory Organization (CIRO) pursuant
to the Investment Dealer and Partially Consolidated Rules in the
matter of Omar Gouda has been adjourned to August 15, 2024.
The hearing is open to the public unless the hearing panel
orders otherwise. The decision of the hearing panel will be made
available at www.ciro.ca.
New Initial Appearance Date: August 15, 2024, at 10:00
am (Eastern Time)
Location: Montreal, Québec (by videoconference)
Members of the public who would like to obtain further
particulars should fill out this questionnaire.
The hearing concerns allegations that Omar Gouda failed to use
due diligence to ensure his recommendations to a client were
suitable and engaged in excessive trading in the client
accounts.
The Notice of Hearing and Statement of Allegations, which set
out the allegations, are available at:
Gouda, Omar – Notice of Hearing and Statement of
Allegations
At the times of the alleged contraventions, Omar
Gouda was a Registered Representative at Research Capital
Corporation, a CIRO-regulated firm. Omar Gouda continues to be
employed in the industry and is currently registered with another
CIRO-regulated firm.
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.
SOURCE Canadian Investment Regulatory Organization (CIRO)