ST. JOHN'S, NL, Sept. 24, 2025 /CNW/ - On September 11, 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 James Benjamin Peddle.
James Peddle admitted to:
a) engaging in personal financial and business dealings with clients, which gave rise to conflicts or potential conflicts of interest that he failed to disclose to the Dealer Member or otherwise ensure were addressed by the exercise of responsible business judgment influenced only by the best interests of the clients,
b) engaging in unapproved outside business activities in respect of bowling alley businesses; and
c) making false or misleading statements to the Dealer Member during an investigation into his conduct.
Pursuant to the settlement agreement, James Peddle agreed to a prohibition from conducting securities related business in any capacity while in the employ or associated with any CIRO Dealer Member for a period of five years, a fine of $45,000 and costs of $5,000.
The Settlement Agreement is available at:
Peddle, James – Settlement Agreement
The hearing panel's decision will be made available at www.ciro.ca.
The violations occurred while James Peddle was a Registered Representative at the St. John's branch of Investors Group Financial Services Inc. James Peddle 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.
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SOURCE Canadian Investment Regulatory Organization (CIRO)
Media Inquiries: Ariel Visconti, Senior Corporate Communications and Public Affairs Specialist, [email protected] / 416-526-8240
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