CALGARY, AB, Nov. 9, 2026 /CNW/ -- Following a sanctions hearing held on October 7, 2026, a hearing panel of the Canadian Investment Regulatory Organization (CIRO) under the Mutual Fund Dealer Rules imposed a fine in the amount of $25,000 on Ronald Aleri Scott (the Respondent).

The Respondent is also required to pay costs in the amount of $15,000.

The sanctions decision, dated October 27, 2026, can be found at:

Re Scott 2026 CIRO 33

In an earlier decision dated May 20, 2026, the hearing panel found that the Respondent borrowed money from clients, creating material conflicts of interest that the Respondent failed to identify, report to the Dealer Member, or resolve in the clients' best interests.

The liability decision can be found at:

Re Scott 2026 CIRO 17

The violations occurred while the Respondent was a Registered Representative with IPC Investment Corporation and Hub Capital Inc. in the Calgary, Alberta area. He is not currently registered with a CIRO-regulated firm.

The Canadian Investment Regulatory Organization (CIRO) is the pan-Canadian 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)